This property looks like a bad Mid-Term investment with a projected -7.88% first-year return on $153k initial cash invested.
-7.88%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$5,018
Rent
-$1,004
Cashflow
Cash Flow
$5,018 income − $6,022 expenses = $1,004 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,424
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,018
Total Expenses
$6,022
Mortgage P&I
68%
$3,426
Property Taxes
14%
$679
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552