This property looks like a bad Mid-Term investment with a projected -6.07% first-year return on $152k initial cash invested.
-6.07%
Cash On Cash
5.39%
Cap Rate
0.84
DSCR
$5,428
Rent
-$770
Cashflow
Cash Flow
$5,428 income − $6,198 expenses = $770 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,428
Total Expenses
$6,198
Mortgage P&I
63%
$3,423
Property Taxes
13%
$706
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597