This property looks like a bad Mid-Term investment with a projected -0.89% first-year return on $146k initial cash invested.
-0.89%
Cash On Cash
6.69%
Cap Rate
1.05
DSCR
$6,813
Rent
-$109
Cashflow
Cash Flow
$6,813 income − $6,922 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$612k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,116
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,813
Total Expenses
$6,922
Mortgage P&I
48%
$3,244
Property Taxes
17%
$1,133
Home Insurance
3%
$228
HOA
0%
$0
Property Management
12%
$818
CapEx
4%
$273
Vacancy
3%
$204
Maintenance
4%
$273
Other
11%
$749