This property looks like a bad Mid-Term investment with a projected -6.41% first-year return on $155k initial cash invested.
-6.41%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$5,511
Rent
-$827
Cashflow
Cash Flow
$5,511 income − $6,338 expenses = $827 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,513
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,511
Total Expenses
$6,338
Mortgage P&I
64%
$3,529
Property Taxes
13%
$710
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$661
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$606