This property looks like a bad Mid-Term investment with a projected -6.86% first-year return on $144k initial cash invested.
-6.86%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$5,168
Rent
-$822
Cashflow
Cash Flow
$5,168 income − $5,990 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,987
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,168
Total Expenses
$5,990
Mortgage P&I
63%
$3,267
Property Taxes
15%
$756
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568