This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $151k initial cash invested.
-5.29%
Cash On Cash
5.79%
Cap Rate
0.87
DSCR
$5,457
Rent
-$667
Cashflow
Cash Flow
$5,457 income − $6,124 expenses = $667 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,344
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,457
Total Expenses
$6,124
Mortgage P&I
64%
$3,508
Property Taxes
10%
$537
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600