This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $152k initial cash invested.
-4.82%
Cash On Cash
5.86%
Cap Rate
0.89
DSCR
$5,451
Rent
-$610
Cashflow
Cash Flow
$5,451 income − $6,061 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,369
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,451
Total Expenses
$6,061
Mortgage P&I
64%
$3,500
Property Taxes
8%
$462
Home Insurance
4%
$227
HOA
0%
$18
Property Management
12%
$654
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600