This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $151k initial cash invested.
-7.31%
Cash On Cash
5.14%
Cap Rate
0.8
DSCR
$5,610
Rent
-$921
Cashflow
Cash Flow
$5,610 income − $6,531 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,345
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,610
Total Expenses
$6,531
Mortgage P&I
61%
$3,415
Property Taxes
18%
$991
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617