This property looks like a bad Mid-Term investment with a projected -5.19% first-year return on $159k initial cash invested.
-5.19%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$4,647
Rent
-$688
Cashflow
Cash Flow
$4,647 income − $5,335 expenses = $688 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,724
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,647
Total Expenses
$5,335
Mortgage P&I
74%
$3,424
Property Taxes
2%
$86
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511