This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $158k initial cash invested.
-7.5%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$5,308
Rent
-$986
Cashflow
Cash Flow
$5,308 income − $6,294 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,658
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,308
Total Expenses
$6,294
Mortgage P&I
67%
$3,566
Property Taxes
12%
$634
Home Insurance
4%
$228
HOA
1%
$62
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584