This property looks like a bad Mid-Term investment with a projected -7.97% first-year return on $149k initial cash invested.
-7.97%
Cash On Cash
4.45%
Cap Rate
0.74
DSCR
$4,245
Rent
-$987
Cashflow
Cash Flow
$4,245 income − $5,232 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,220
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$5,232
Mortgage P&I
74%
$3,121
Property Taxes
10%
$445
Home Insurance
5%
$223
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467