This property looks like a bad Mid-Term investment with a projected -5.76% first-year return on $149k initial cash invested.
-5.76%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$5,342
Rent
-$713
Cashflow
Cash Flow
$5,342 income − $6,055 expenses = $713 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,220
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,342
Total Expenses
$6,055
Mortgage P&I
61%
$3,257
Property Taxes
14%
$762
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588