This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $151k initial cash invested.
-5.99%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$5,950
Rent
-$755
Cashflow
Cash Flow
$5,950 income − $6,705 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,348
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,950
Total Expenses
$6,705
Mortgage P&I
58%
$3,440
Property Taxes
17%
$1,016
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$714
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$654