This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $159k initial cash invested.
-3.34%
Cash On Cash
5.6%
Cap Rate
0.93
DSCR
$5,433
Rent
-$444
Cashflow
Cash Flow
$5,433 income − $5,877 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,733
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,433
Total Expenses
$5,877
Mortgage P&I
62%
$3,371
Property Taxes
7%
$405
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598