This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $157k initial cash invested.
-5.68%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$5,402
Rent
-$742
Cashflow
Cash Flow
$5,402 income − $6,144 expenses = $742 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,402
Total Expenses
$6,144
Mortgage P&I
62%
$3,361
Property Taxes
13%
$713
Home Insurance
4%
$234
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594