This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $157k initial cash invested.
-6.71%
Cash On Cash
5.12%
Cap Rate
0.81
DSCR
$5,308
Rent
-$881
Cashflow
Cash Flow
$5,308 income − $6,189 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,641
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,308
Total Expenses
$6,189
Mortgage P&I
66%
$3,504
Property Taxes
12%
$636
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584