This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $151k initial cash invested.
-6.1%
Cash On Cash
5.43%
Cap Rate
0.84
DSCR
$5,262
Rent
-$768
Cashflow
Cash Flow
$5,262 income − $6,030 expenses = $768 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,341
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,262
Total Expenses
$6,030
Mortgage P&I
65%
$3,429
Property Taxes
11%
$591
Home Insurance
4%
$222
HOA
0%
$0
Property Management
12%
$631
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$579