This property looks like a bad Mid-Term investment with a projected -5.78% first-year return on $152k initial cash invested.
-5.78%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$5,608
Rent
-$735
Cashflow
Cash Flow
$5,608 income − $6,343 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,404
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,608
Total Expenses
$6,343
Mortgage P&I
62%
$3,496
Property Taxes
13%
$717
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617