This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $154k initial cash invested.
-6.35%
Cash On Cash
5.23%
Cap Rate
0.83
DSCR
$5,444
Rent
-$817
Cashflow
Cash Flow
$5,444 income − $6,261 expenses = $817 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,444
Total Expenses
$6,261
Mortgage P&I
63%
$3,427
Property Taxes
14%
$756
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$599