This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $146k initial cash invested.
-3.85%
Cash On Cash
5.69%
Cap Rate
0.92
DSCR
$5,220
Rent
-$469
Cashflow
Cash Flow
$5,220 income − $5,689 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,095
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,220
Total Expenses
$5,689
Mortgage P&I
60%
$3,152
Property Taxes
10%
$545
Home Insurance
4%
$210
HOA
0%
$7
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574