This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $157k initial cash invested.
-4.7%
Cash On Cash
5.46%
Cap Rate
0.88
DSCR
$5,410
Rent
-$616
Cashflow
Cash Flow
$5,410 income − $6,026 expenses = $616 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,626
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,410
Total Expenses
$6,026
Mortgage P&I
63%
$3,415
Property Taxes
10%
$539
Home Insurance
4%
$234
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595