This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $154k initial cash invested.
-2.52%
Cash On Cash
6.32%
Cap Rate
0.98
DSCR
$6,513
Rent
-$323
Cashflow
Cash Flow
$6,513 income − $6,836 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,470
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,513
Total Expenses
$6,836
Mortgage P&I
53%
$3,470
Property Taxes
11%
$707
Home Insurance
4%
$254
HOA
3%
$190
Property Management
12%
$782
CapEx
4%
$261
Vacancy
3%
$195
Maintenance
4%
$261
Other
11%
$716