This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $152k initial cash invested.
-7.34%
Cash On Cash
4.86%
Cap Rate
0.77
DSCR
$4,360
Rent
-$930
Cashflow
Cash Flow
$4,360 income − $5,290 expenses = $930 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,382
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,360
Total Expenses
$5,290
Mortgage P&I
77%
$3,342
Property Taxes
5%
$238
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480