This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $158k initial cash invested.
-5.91%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$5,739
Rent
-$781
Cashflow
Cash Flow
$5,739 income − $6,520 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,689
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,739
Total Expenses
$6,520
Mortgage P&I
63%
$3,624
Property Taxes
12%
$682
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$631