This property looks like a bad Mid-Term investment with a projected -2.3% first-year return on $155k initial cash invested.
-2.3%
Cash On Cash
6.2%
Cap Rate
0.98
DSCR
$6,135
Rent
-$297
Cashflow
Cash Flow
$6,135 income − $6,432 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,514
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,135
Total Expenses
$6,432
Mortgage P&I
56%
$3,417
Property Taxes
11%
$691
Home Insurance
4%
$231
HOA
0%
$8
Property Management
12%
$736
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$675