This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $154k initial cash invested.
-7.53%
Cash On Cash
4.97%
Cap Rate
0.78
DSCR
$4,767
Rent
-$968
Cashflow
Cash Flow
$4,767 income − $5,735 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,489
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,767
Total Expenses
$5,735
Mortgage P&I
73%
$3,462
Property Taxes
9%
$421
Home Insurance
5%
$231
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524