This property looks like a bad Mid-Term investment with a projected -4.8% first-year return on $151k initial cash invested.
-4.8%
Cash On Cash
5.66%
Cap Rate
0.88
DSCR
$5,366
Rent
-$603
Cashflow
Cash Flow
$5,366 income − $5,969 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$632k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,319
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,366
Total Expenses
$5,969
Mortgage P&I
63%
$3,368
Property Taxes
10%
$556
Home Insurance
4%
$220
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590