This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $147k initial cash invested.
-7.43%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$4,245
Rent
-$913
Cashflow
Cash Flow
$4,245 income − $5,158 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,164
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$5,158
Mortgage P&I
77%
$3,287
Property Taxes
6%
$236
Home Insurance
5%
$192
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467