This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $153k initial cash invested.
-7.23%
Cash On Cash
5.28%
Cap Rate
0.8
DSCR
$5,714
Rent
-$923
Cashflow
Cash Flow
$5,714 income − $6,637 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,437
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,714
Total Expenses
$6,637
Mortgage P&I
62%
$3,528
Property Taxes
17%
$945
Home Insurance
4%
$220
HOA
0%
$0
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$171
Maintenance
4%
$229
Other
11%
$629