This property looks like a bad Mid-Term investment with a projected -0.72% first-year return on $149k initial cash invested.
-0.72%
Cash On Cash
6.26%
Cap Rate
1.04
DSCR
$5,214
Rent
-$90
Cashflow
Cash Flow
$5,214 income − $5,304 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,240
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,214
Total Expenses
$5,304
Mortgage P&I
60%
$3,137
Property Taxes
3%
$169
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$156
Maintenance
4%
$209
Other
11%
$574