This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $153k initial cash invested.
-6.1%
Cash On Cash
5.37%
Cap Rate
0.84
DSCR
$6,026
Rent
-$777
Cashflow
Cash Flow
$6,026 income − $6,803 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,425
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,026
Total Expenses
$6,803
Mortgage P&I
57%
$3,410
Property Taxes
18%
$1,064
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$663