This property looks like a bad Mid-Term investment with a projected -1.18% first-year return on $153k initial cash invested.
-1.18%
Cash On Cash
6.98%
Cap Rate
1.03
DSCR
$6,874
Rent
-$151
Cashflow
Cash Flow
$6,874 income − $7,025 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,449
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,874
Total Expenses
$7,025
Mortgage P&I
53%
$3,626
Property Taxes
12%
$834
Home Insurance
3%
$228
HOA
0%
$0
Property Management
12%
$825
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$756