This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $151k initial cash invested.
-6.73%
Cash On Cash
4.86%
Cap Rate
0.8
DSCR
$4,818
Rent
-$846
Cashflow
Cash Flow
$4,818 income − $5,664 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,325
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,818
Total Expenses
$5,664
Mortgage P&I
67%
$3,212
Property Taxes
12%
$589
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530