This property looks like a bad Mid-Term investment with a projected -5.07% first-year return on $152k initial cash invested.
-5.07%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$5,385
Rent
-$643
Cashflow
Cash Flow
$5,385 income − $6,028 expenses = $643 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,395
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,385
Total Expenses
$6,028
Mortgage P&I
64%
$3,421
Property Taxes
10%
$549
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592