This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $155k initial cash invested.
-5.56%
Cash On Cash
5.42%
Cap Rate
0.85
DSCR
$5,318
Rent
-$718
Cashflow
Cash Flow
$5,318 income − $6,036 expenses = $718 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,520
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,318
Total Expenses
$6,036
Mortgage P&I
65%
$3,451
Property Taxes
10%
$548
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585