This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $146k initial cash invested.
-7.82%
Cash On Cash
5.02%
Cap Rate
0.77
DSCR
$4,412
Rent
-$950
Cashflow
Cash Flow
$4,412 income − $5,362 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,082
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,412
Total Expenses
$5,362
Mortgage P&I
75%
$3,319
Property Taxes
7%
$326
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485