This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $151k initial cash invested.
-3.48%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$6,034
Rent
-$439
Cashflow
Cash Flow
$6,034 income − $6,473 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,347
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,034
Total Expenses
$6,473
Mortgage P&I
57%
$3,441
Property Taxes
13%
$771
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664