This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $148k initial cash invested.
-2.97%
Cash On Cash
5.87%
Cap Rate
0.96
DSCR
$6,192
Rent
-$367
Cashflow
Cash Flow
$6,192 income − $6,559 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,196
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,192
Total Expenses
$6,559
Mortgage P&I
51%
$3,152
Property Taxes
16%
$970
Home Insurance
5%
$331
HOA
0%
$0
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681