This property looks like a bad Mid-Term investment with a projected -6.74% first-year return on $158k initial cash invested.
-6.74%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$5,530
Rent
-$890
Cashflow
Cash Flow
$5,530 income − $6,420 expenses = $890 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,686
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,530
Total Expenses
$6,420
Mortgage P&I
65%
$3,613
Property Taxes
12%
$682
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$664
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608