This property looks like a bad Mid-Term investment with a projected -2% first-year return on $157k initial cash invested.
-2%
Cash On Cash
6.55%
Cap Rate
1
DSCR
$6,628
Rent
-$262
Cashflow
Cash Flow
$6,628 income − $6,890 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,629
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,628
Total Expenses
$6,890
Mortgage P&I
55%
$3,618
Property Taxes
8%
$499
Home Insurance
4%
$240
HOA
4%
$280
Property Management
12%
$795
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$729