This property looks like a bad Mid-Term investment with a projected -0.7% first-year return on $154k initial cash invested.
-0.7%
Cash On Cash
6.41%
Cap Rate
1.05
DSCR
$6,447
Rent
-$89
Cashflow
Cash Flow
$6,447 income − $6,536 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,454
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,447
Total Expenses
$6,536
Mortgage P&I
51%
$3,278
Property Taxes
13%
$856
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$774
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$709