This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $156k initial cash invested.
-5.95%
Cash On Cash
5.19%
Cap Rate
0.83
DSCR
$4,824
Rent
-$776
Cashflow
Cash Flow
$4,824 income − $5,600 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,593
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,824
Total Expenses
$5,600
Mortgage P&I
71%
$3,434
Property Taxes
6%
$280
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531