This property looks like a bad Mid-Term investment with a projected -0.61% first-year return on $155k initial cash invested.
-0.61%
Cash On Cash
6.36%
Cap Rate
1.04
DSCR
$5,379
Rent
-$78
Cashflow
Cash Flow
$5,379 income − $5,457 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,379
Total Expenses
$5,457
Mortgage P&I
61%
$3,307
Property Taxes
2%
$94
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592