This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $159k initial cash invested.
-6.98%
Cash On Cash
5.04%
Cap Rate
0.8
DSCR
$5,242
Rent
-$926
Cashflow
Cash Flow
$5,242 income − $6,168 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,722
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,242
Total Expenses
$6,168
Mortgage P&I
67%
$3,537
Property Taxes
12%
$617
Home Insurance
4%
$231
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577