This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $156k initial cash invested.
-6.19%
Cash On Cash
5.44%
Cap Rate
0.83
DSCR
$5,044
Rent
-$807
Cashflow
Cash Flow
$5,044 income − $5,851 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,590
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,044
Total Expenses
$5,851
Mortgage P&I
71%
$3,593
Property Taxes
6%
$312
Home Insurance
5%
$231
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555