This property looks like a bad Mid-Term investment with a projected -7.47% first-year return on $153k initial cash invested.
-7.47%
Cash On Cash
4.97%
Cap Rate
0.78
DSCR
$5,146
Rent
-$955
Cashflow
Cash Flow
$5,146 income − $6,101 expenses = $955 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,452
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,146
Total Expenses
$6,101
Mortgage P&I
67%
$3,422
Property Taxes
13%
$670
Home Insurance
5%
$234
HOA
0%
$25
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566