This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $152k initial cash invested.
-5.92%
Cash On Cash
5.64%
Cap Rate
0.85
DSCR
$5,474
Rent
-$747
Cashflow
Cash Flow
$5,474 income − $6,221 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,359
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,474
Total Expenses
$6,221
Mortgage P&I
64%
$3,516
Property Taxes
11%
$620
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602