This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $143k initial cash invested.
-6.49%
Cash On Cash
5.4%
Cap Rate
0.82
DSCR
$4,894
Rent
-$774
Cashflow
Cash Flow
$4,894 income − $5,668 expenses = $774 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,956
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,894
Total Expenses
$5,668
Mortgage P&I
67%
$3,259
Property Taxes
11%
$535
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538