This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $159k initial cash invested.
-4.15%
Cash On Cash
5.84%
Cap Rate
0.91
DSCR
$5,655
Rent
-$550
Cashflow
Cash Flow
$5,655 income − $6,205 expenses = $550 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,718
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,655
Total Expenses
$6,205
Mortgage P&I
64%
$3,594
Property Taxes
8%
$450
Home Insurance
4%
$238
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622