This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $155k initial cash invested.
-8.2%
Cash On Cash
4.79%
Cap Rate
0.75
DSCR
$5,144
Rent
-$1,059
Cashflow
Cash Flow
$5,144 income − $6,203 expenses = $1,059 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,144
Total Expenses
$6,203
Mortgage P&I
67%
$3,459
Property Taxes
15%
$776
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566