This property looks like a bad Mid-Term investment with a projected -7.54% first-year return on $144k initial cash invested.
-7.54%
Cash On Cash
4.96%
Cap Rate
0.77
DSCR
$4,318
Rent
-$904
Cashflow
Cash Flow
$4,318 income − $5,222 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,318
Total Expenses
$5,222
Mortgage P&I
74%
$3,205
Property Taxes
8%
$338
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475