This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $157k initial cash invested.
-7.14%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$5,404
Rent
-$936
Cashflow
Cash Flow
$5,404 income − $6,340 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,632
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,404
Total Expenses
$6,340
Mortgage P&I
68%
$3,690
Property Taxes
5%
$280
Home Insurance
5%
$247
HOA
5%
$287
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594