This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $154k initial cash invested.
-6.05%
Cash On Cash
5.36%
Cap Rate
0.83
DSCR
$4,892
Rent
-$776
Cashflow
Cash Flow
$4,892 income − $5,668 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,468
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,892
Total Expenses
$5,668
Mortgage P&I
71%
$3,468
Property Taxes
5%
$260
Home Insurance
6%
$276
HOA
0%
$0
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538