This property looks like a bad Mid-Term investment with a projected -5.55% first-year return on $159k initial cash invested.
-5.55%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$5,562
Rent
-$735
Cashflow
Cash Flow
$5,562 income − $6,297 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,709
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,562
Total Expenses
$6,297
Mortgage P&I
63%
$3,487
Property Taxes
12%
$682
Home Insurance
4%
$238
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612