This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $153k initial cash invested.
-8.25%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$5,838
Rent
-$1,052
Cashflow
Cash Flow
$5,838 income − $6,890 expenses = $1,052 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,428
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,838
Total Expenses
$6,890
Mortgage P&I
59%
$3,439
Property Taxes
21%
$1,246
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$701
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$642