This property looks like a bad Mid-Term investment with a projected -6.47% first-year return on $143k initial cash invested.
-6.47%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$4,274
Rent
-$772
Cashflow
Cash Flow
$4,274 income − $5,046 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,958
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,274
Total Expenses
$5,046
Mortgage P&I
75%
$3,219
Property Taxes
4%
$154
Home Insurance
5%
$220
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470