This property looks like a bad Mid-Term investment with a projected -4.88% first-year return on $152k initial cash invested.
-4.88%
Cash On Cash
5.4%
Cap Rate
0.88
DSCR
$5,253
Rent
-$620
Cashflow
Cash Flow
$5,253 income − $5,873 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,253
Total Expenses
$5,873
Mortgage P&I
63%
$3,290
Property Taxes
10%
$548
Home Insurance
4%
$224
HOA
0%
$25
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578