This property looks like a bad Mid-Term investment with a projected -7.98% first-year return on $149k initial cash invested.
-7.98%
Cash On Cash
4.68%
Cap Rate
0.75
DSCR
$4,599
Rent
-$990
Cashflow
Cash Flow
$4,599 income − $5,589 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,235
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,599
Total Expenses
$5,589
Mortgage P&I
70%
$3,239
Property Taxes
12%
$567
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506