This property looks like a bad Mid-Term investment with a projected -7% first-year return on $147k initial cash invested.
-7%
Cash On Cash
5.23%
Cap Rate
0.8
DSCR
$4,804
Rent
-$857
Cashflow
Cash Flow
$4,804 income − $5,661 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,137
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,804
Total Expenses
$5,661
Mortgage P&I
70%
$3,339
Property Taxes
10%
$480
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528