This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $151k initial cash invested.
-3.03%
Cash On Cash
6.18%
Cap Rate
0.95
DSCR
$5,526
Rent
-$380
Cashflow
Cash Flow
$5,526 income − $5,906 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$126k
Closing costs
1%
$6,314
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,526
Total Expenses
$5,906
Mortgage P&I
62%
$3,411
Property Taxes
8%
$441
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608