This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $153k initial cash invested.
-7.57%
Cash On Cash
4.67%
Cap Rate
0.77
DSCR
$5,292
Rent
-$968
Cashflow
Cash Flow
$5,292 income − $6,260 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,450
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,292
Total Expenses
$6,260
Mortgage P&I
62%
$3,264
Property Taxes
18%
$949
Home Insurance
4%
$226
HOA
0%
$21
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582