This property looks like a bad Mid-Term investment with a projected -1.47% first-year return on $151k initial cash invested.
-1.47%
Cash On Cash
6.52%
Cap Rate
1.02
DSCR
$6,250
Rent
-$186
Cashflow
Cash Flow
$6,250 income − $6,436 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,355
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,250
Total Expenses
$6,436
Mortgage P&I
54%
$3,390
Property Taxes
11%
$689
Home Insurance
4%
$231
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688