This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $153k initial cash invested.
-5.28%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$5,434
Rent
-$671
Cashflow
Cash Flow
$5,434 income − $6,105 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,411
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,434
Total Expenses
$6,105
Mortgage P&I
64%
$3,472
Property Taxes
10%
$558
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598