This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $154k initial cash invested.
-7.55%
Cash On Cash
5.12%
Cap Rate
0.79
DSCR
$5,442
Rent
-$968
Cashflow
Cash Flow
$5,442 income − $6,410 expenses = $968 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,442
Total Expenses
$6,410
Mortgage P&I
65%
$3,512
Property Taxes
15%
$819
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$599