This property looks like a bad Mid-Term investment with a projected -3.43% first-year return on $153k initial cash invested.
-3.43%
Cash On Cash
5.91%
Cap Rate
0.94
DSCR
$5,541
Rent
-$437
Cashflow
Cash Flow
$5,541 income − $5,978 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,428
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,541
Total Expenses
$5,978
Mortgage P&I
61%
$3,382
Property Taxes
8%
$441
Home Insurance
4%
$228
HOA
1%
$42
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610