This property looks like a bad Mid-Term investment with a projected -6.61% first-year return on $154k initial cash invested.
-6.61%
Cash On Cash
5.44%
Cap Rate
0.82
DSCR
$5,176
Rent
-$850
Cashflow
Cash Flow
$5,176 income − $6,026 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,489
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,176
Total Expenses
$6,026
Mortgage P&I
69%
$3,585
Property Taxes
9%
$454
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569