This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $154k initial cash invested.
-1.49%
Cash On Cash
6.09%
Cap Rate
1.01
DSCR
$5,538
Rent
-$191
Cashflow
Cash Flow
$5,538 income − $5,729 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,461
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,538
Total Expenses
$5,729
Mortgage P&I
59%
$3,248
Property Taxes
6%
$319
Home Insurance
5%
$278
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$609