This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $145k initial cash invested.
-7.59%
Cash On Cash
4.82%
Cap Rate
0.76
DSCR
$4,020
Rent
-$914
Cashflow
Cash Flow
$4,020 income − $4,934 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,027
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$4,934
Mortgage P&I
79%
$3,174
Property Taxes
5%
$192
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442