This property looks like a bad Mid-Term investment with a projected -5% first-year return on $151k initial cash invested.
-5%
Cash On Cash
5.69%
Cap Rate
0.88
DSCR
$5,194
Rent
-$627
Cashflow
Cash Flow
$5,194 income − $5,821 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,310
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,194
Total Expenses
$5,821
Mortgage P&I
66%
$3,413
Property Taxes
8%
$414
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571