This property looks like a bad Mid-Term investment with a projected -0.97% first-year return on $148k initial cash invested.
-0.97%
Cash On Cash
6.78%
Cap Rate
1.04
DSCR
$6,478
Rent
-$119
Cashflow
Cash Flow
$6,478 income − $6,597 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,182
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,478
Total Expenses
$6,597
Mortgage P&I
52%
$3,351
Property Taxes
12%
$747
Home Insurance
3%
$224
HOA
1%
$73
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$713