This property looks like a bad Mid-Term investment with a projected -3.25% first-year return on $159k initial cash invested.
-3.25%
Cash On Cash
6.16%
Cap Rate
0.94
DSCR
$5,490
Rent
-$430
Cashflow
Cash Flow
$5,490 income − $5,920 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,702
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,490
Total Expenses
$5,920
Mortgage P&I
66%
$3,648
Property Taxes
1%
$74
Home Insurance
4%
$242
HOA
2%
$88
Property Management
12%
$659
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$604