This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $156k initial cash invested.
-4.08%
Cash On Cash
5.8%
Cap Rate
0.91
DSCR
$5,558
Rent
-$530
Cashflow
Cash Flow
$5,558 income − $6,088 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,574
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,558
Total Expenses
$6,088
Mortgage P&I
63%
$3,487
Property Taxes
8%
$458
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611