This property looks like a bad Mid-Term investment with a projected -6.95% first-year return on $154k initial cash invested.
-6.95%
Cash On Cash
4.77%
Cap Rate
0.78
DSCR
$4,302
Rent
-$894
Cashflow
Cash Flow
$4,302 income − $5,196 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,302
Total Expenses
$5,196
Mortgage P&I
77%
$3,302
Property Taxes
5%
$205
Home Insurance
5%
$227
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473