This property looks like a bad Mid-Term investment with a projected -0.99% first-year return on $154k initial cash invested.
-0.99%
Cash On Cash
6.57%
Cap Rate
1.03
DSCR
$6,020
Rent
-$127
Cashflow
Cash Flow
$6,020 income − $6,147 expenses = $127 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,020
Total Expenses
$6,147
Mortgage P&I
57%
$3,439
Property Taxes
7%
$434
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$722
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662