This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $152k initial cash invested.
-1.29%
Cash On Cash
6.55%
Cap Rate
1.02
DSCR
$6,120
Rent
-$163
Cashflow
Cash Flow
$6,120 income − $6,283 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,391
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,120
Total Expenses
$6,283
Mortgage P&I
56%
$3,407
Property Taxes
9%
$567
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$673