This property looks like a bad Mid-Term investment with a projected -6.13% first-year return on $152k initial cash invested.
-6.13%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$5,038
Rent
-$776
Cashflow
Cash Flow
$5,038 income − $5,814 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$638k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,379
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,038
Total Expenses
$5,814
Mortgage P&I
64%
$3,249
Property Taxes
12%
$625
Home Insurance
4%
$226
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$554