This property looks like a bad Mid-Term investment with a projected -0.95% first-year return on $147k initial cash invested.
-0.95%
Cash On Cash
6.3%
Cap Rate
1.03
DSCR
$5,562
Rent
-$117
Cashflow
Cash Flow
$5,562 income − $5,679 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,562
Total Expenses
$5,679
Mortgage P&I
56%
$3,127
Property Taxes
8%
$434
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612