This property looks like a bad Mid-Term investment with a projected -6.48% first-year return on $146k initial cash invested.
-6.48%
Cash On Cash
5.18%
Cap Rate
0.81
DSCR
$4,743
Rent
-$790
Cashflow
Cash Flow
$4,743 income − $5,533 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,110
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,743
Total Expenses
$5,533
Mortgage P&I
68%
$3,235
Property Taxes
8%
$387
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522