This property looks like a bad Mid-Term investment with a projected -6.44% first-year return on $151k initial cash invested.
-6.44%
Cash On Cash
4.91%
Cap Rate
0.81
DSCR
$4,810
Rent
-$810
Cashflow
Cash Flow
$4,810 income − $5,620 expenses = $810 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,332
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,810
Total Expenses
$5,620
Mortgage P&I
67%
$3,210
Property Taxes
11%
$552
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529