This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $151k initial cash invested.
-7.67%
Cash On Cash
5.09%
Cap Rate
0.79
DSCR
$5,739
Rent
-$965
Cashflow
Cash Flow
$5,739 income − $6,704 expenses = $965 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,333
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,739
Total Expenses
$6,704
Mortgage P&I
60%
$3,423
Property Taxes
13%
$745
Home Insurance
4%
$224
HOA
6%
$360
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$631