This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $157k initial cash invested.
-6.79%
Cash On Cash
5.18%
Cap Rate
0.81
DSCR
$5,361
Rent
-$890
Cashflow
Cash Flow
$5,361 income − $6,251 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,635
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,361
Total Expenses
$6,251
Mortgage P&I
66%
$3,540
Property Taxes
12%
$618
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$643
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$590