This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $153k initial cash invested.
-5.36%
Cash On Cash
5.41%
Cap Rate
0.86
DSCR
$5,066
Rent
-$682
Cashflow
Cash Flow
$5,066 income − $5,748 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,066
Total Expenses
$5,748
Mortgage P&I
67%
$3,369
Property Taxes
8%
$428
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$557