This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $145k initial cash invested.
-6.03%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$5,076
Rent
-$727
Cashflow
Cash Flow
$5,076 income − $5,803 expenses = $727 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,030
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,076
Total Expenses
$5,803
Mortgage P&I
65%
$3,300
Property Taxes
11%
$556
Home Insurance
4%
$222
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558