This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $152k initial cash invested.
-7.12%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$4,754
Rent
-$904
Cashflow
Cash Flow
$4,754 income − $5,658 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,754
Total Expenses
$5,658
Mortgage P&I
75%
$3,565
Property Taxes
5%
$253
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$523