This property looks like a bad Mid-Term investment with a projected -4% first-year return on $154k initial cash invested.
-4%
Cash On Cash
6.09%
Cap Rate
0.92
DSCR
$5,814
Rent
-$513
Cashflow
Cash Flow
$5,814 income − $6,327 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,474
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,814
Total Expenses
$6,327
Mortgage P&I
61%
$3,568
Property Taxes
10%
$553
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$698
CapEx
4%
$233
Vacancy
3%
$174
Maintenance
4%
$233
Other
11%
$640