This property looks like a bad Mid-Term investment with a projected -1.27% first-year return on $146k initial cash invested.
-1.27%
Cash On Cash
6.77%
Cap Rate
1.03
DSCR
$6,120
Rent
-$155
Cashflow
Cash Flow
$6,120 income − $6,275 expenses = $155 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,090
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,120
Total Expenses
$6,275
Mortgage P&I
55%
$3,344
Property Taxes
10%
$637
Home Insurance
3%
$213
HOA
0%
$0
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$673