This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $144k initial cash invested.
-7.4%
Cash On Cash
5.05%
Cap Rate
0.78
DSCR
$4,710
Rent
-$886
Cashflow
Cash Flow
$4,710 income − $5,596 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,984
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,710
Total Expenses
$5,596
Mortgage P&I
68%
$3,214
Property Taxes
12%
$563
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518