This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $148k initial cash invested.
-5.98%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$5,232
Rent
-$739
Cashflow
Cash Flow
$5,232 income − $5,971 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,199
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,232
Total Expenses
$5,971
Mortgage P&I
66%
$3,428
Property Taxes
10%
$547
Home Insurance
4%
$217
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576