This property looks like a bad Mid-Term investment with a projected -7.16% first-year return on $148k initial cash invested.
-7.16%
Cash On Cash
4.76%
Cap Rate
0.78
DSCR
$4,754
Rent
-$881
Cashflow
Cash Flow
$4,754 income − $5,635 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$617k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$123k
Closing costs
1%
$6,172
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,754
Total Expenses
$5,635
Mortgage P&I
66%
$3,140
Property Taxes
14%
$642
Home Insurance
5%
$231
HOA
0%
$6
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$523