This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $154k initial cash invested.
-4.32%
Cash On Cash
5.45%
Cap Rate
0.9
DSCR
$5,302
Rent
-$554
Cashflow
Cash Flow
$5,302 income − $5,856 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,467
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,302
Total Expenses
$5,856
Mortgage P&I
62%
$3,280
Property Taxes
10%
$526
Home Insurance
5%
$248
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583