This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $153k initial cash invested.
-6.8%
Cash On Cash
4.82%
Cap Rate
0.79
DSCR
$4,428
Rent
-$869
Cashflow
Cash Flow
$4,428 income − $5,297 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,449
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,428
Total Expenses
$5,297
Mortgage P&I
74%
$3,285
Property Taxes
2%
$81
Home Insurance
5%
$226
HOA
5%
$200
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487