This property looks like a bad Mid-Term investment with a projected -7.41% first-year return on $151k initial cash invested.
-7.41%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$4,743
Rent
-$935
Cashflow
Cash Flow
$4,743 income − $5,678 expenses = $935 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,355
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,743
Total Expenses
$5,678
Mortgage P&I
72%
$3,407
Property Taxes
9%
$430
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522