This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $154k initial cash invested.
-7.5%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$5,178
Rent
-$961
Cashflow
Cash Flow
$5,178 income − $6,139 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,465
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,178
Total Expenses
$6,139
Mortgage P&I
67%
$3,486
Property Taxes
11%
$570
Home Insurance
4%
$228
HOA
2%
$95
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$570