This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $159k initial cash invested.
-4.82%
Cash On Cash
5.53%
Cap Rate
0.88
DSCR
$5,060
Rent
-$639
Cashflow
Cash Flow
$5,060 income − $5,699 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,725
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,060
Total Expenses
$5,699
Mortgage P&I
70%
$3,537
Property Taxes
4%
$207
Home Insurance
5%
$235
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557