This property looks like a bad Mid-Term investment with a projected -6.99% first-year return on $144k initial cash invested.
-6.99%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$4,524
Rent
-$837
Cashflow
Cash Flow
$4,524 income − $5,361 expenses = $837 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
$4,524
Total Expenses
$5,361
Mortgage P&I
70%
$3,187
Property Taxes
9%
$425
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498