This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $154k initial cash invested.
-6.98%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$4,626
Rent
-$898
Cashflow
Cash Flow
$4,626 income − $5,524 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,626
Total Expenses
$5,524
Mortgage P&I
78%
$3,604
Property Taxes
3%
$120
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509