This property looks like a bad Mid-Term investment with a projected -4.53% first-year return on $148k initial cash invested.
-4.53%
Cash On Cash
5.47%
Cap Rate
0.89
DSCR
$5,528
Rent
-$558
Cashflow
Cash Flow
$5,528 income − $6,086 expenses = $558 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,180
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,528
Total Expenses
$6,086
Mortgage P&I
57%
$3,153
Property Taxes
15%
$835
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608