This property looks like a bad Mid-Term investment with a projected -0.81% first-year return on $152k initial cash invested.
-0.81%
Cash On Cash
6.99%
Cap Rate
1.04
DSCR
$5,784
Rent
-$103
Cashflow
Cash Flow
$5,784 income − $5,887 expenses = $103 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,784
Total Expenses
$5,887
Mortgage P&I
62%
$3,598
Property Taxes
1%
$50
Home Insurance
4%
$224
HOA
1%
$49
Property Management
12%
$694
CapEx
4%
$231
Vacancy
3%
$174
Maintenance
4%
$231
Other
11%
$636