This property looks like a bad Mid-Term investment with a projected -6.88% first-year return on $151k initial cash invested.
-6.88%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$5,372
Rent
-$868
Cashflow
Cash Flow
$5,372 income − $6,240 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,372
Total Expenses
$6,240
Mortgage P&I
64%
$3,447
Property Taxes
14%
$742
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591