This property looks like a bad Mid-Term investment with a projected -6.08% first-year return on $159k initial cash invested.
-6.08%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$5,757
Rent
-$807
Cashflow
Cash Flow
$5,757 income − $6,564 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,728
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,757
Total Expenses
$6,564
Mortgage P&I
64%
$3,697
Property Taxes
12%
$672
Home Insurance
4%
$238
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633