This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $153k initial cash invested.
-4.97%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$5,550
Rent
-$635
Cashflow
Cash Flow
$5,550 income − $6,185 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,446
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,550
Total Expenses
$6,185
Mortgage P&I
64%
$3,529
Property Taxes
10%
$543
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610