This property looks like a bad Mid-Term investment with a projected -3.65% first-year return on $151k initial cash invested.
-3.65%
Cash On Cash
6.1%
Cap Rate
0.94
DSCR
$6,218
Rent
-$460
Cashflow
Cash Flow
$6,218 income − $6,678 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,337
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,218
Total Expenses
$6,678
Mortgage P&I
55%
$3,431
Property Taxes
15%
$908
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$684