This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $158k initial cash invested.
-3.41%
Cash On Cash
5.77%
Cap Rate
0.94
DSCR
$5,754
Rent
-$450
Cashflow
Cash Flow
$5,754 income − $6,204 expenses = $450 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,687
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,754
Total Expenses
$6,204
Mortgage P&I
60%
$3,436
Property Taxes
10%
$576
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$690
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633