This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $149k initial cash invested.
-7.38%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$5,109
Rent
-$914
Cashflow
Cash Flow
$5,109 income − $6,023 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$622k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$124k
Closing costs
1%
$6,221
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,109
Total Expenses
$6,023
Mortgage P&I
67%
$3,422
Property Taxes
13%
$646
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562