This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $156k initial cash invested.
-4.9%
Cash On Cash
5.7%
Cap Rate
0.88
DSCR
$5,404
Rent
-$638
Cashflow
Cash Flow
$5,404 income − $6,042 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,590
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,404
Total Expenses
$6,042
Mortgage P&I
66%
$3,552
Property Taxes
8%
$423
Home Insurance
4%
$231
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594