This property looks like a bad Mid-Term investment with a projected -7.78% first-year return on $153k initial cash invested.
-7.78%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$5,344
Rent
-$992
Cashflow
Cash Flow
$5,344 income − $6,336 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,430
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,344
Total Expenses
$6,336
Mortgage P&I
65%
$3,490
Property Taxes
15%
$804
Home Insurance
4%
$225
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588