This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $153k initial cash invested.
-6.79%
Cash On Cash
5.26%
Cap Rate
0.81
DSCR
$5,046
Rent
-$866
Cashflow
Cash Flow
$5,046 income − $5,912 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,426
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,046
Total Expenses
$5,912
Mortgage P&I
69%
$3,479
Property Taxes
10%
$517
Home Insurance
4%
$200
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555