This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $144k initial cash invested.
-7.51%
Cash On Cash
4.74%
Cap Rate
0.76
DSCR
$4,090
Rent
-$900
Cashflow
Cash Flow
$4,090 income − $4,990 expenses = $900 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,090
Total Expenses
$4,990
Mortgage P&I
76%
$3,104
Property Taxes
7%
$284
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450