This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $154k initial cash invested.
-3.34%
Cash On Cash
6.19%
Cap Rate
0.94
DSCR
$5,847
Rent
-$430
Cashflow
Cash Flow
$5,847 income − $6,277 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,847
Total Expenses
$6,277
Mortgage P&I
61%
$3,546
Property Taxes
9%
$516
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643