This property looks like a bad Mid-Term investment with a projected -6% first-year return on $153k initial cash invested.
-6%
Cash On Cash
5.11%
Cap Rate
0.83
DSCR
$4,898
Rent
-$765
Cashflow
Cash Flow
$4,898 income − $5,663 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,424
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,898
Total Expenses
$5,663
Mortgage P&I
67%
$3,304
Property Taxes
9%
$465
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539