This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $156k initial cash invested.
-4.41%
Cash On Cash
5.74%
Cap Rate
0.9
DSCR
$5,541
Rent
-$573
Cashflow
Cash Flow
$5,541 income − $6,114 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,568
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,541
Total Expenses
$6,114
Mortgage P&I
63%
$3,491
Property Taxes
9%
$507
Home Insurance
4%
$231
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610