This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $158k initial cash invested.
-5.39%
Cash On Cash
5.56%
Cap Rate
0.86
DSCR
$5,116
Rent
-$712
Cashflow
Cash Flow
$5,116 income − $5,828 expenses = $712 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,688
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,116
Total Expenses
$5,828
Mortgage P&I
70%
$3,606
Property Taxes
5%
$248
Home Insurance
5%
$234
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$153
Maintenance
4%
$205
Other
11%
$563