This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $144k initial cash invested.
-4.4%
Cash On Cash
5.42%
Cap Rate
0.89
DSCR
$4,833
Rent
-$527
Cashflow
Cash Flow
$4,833 income − $5,360 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,833
Total Expenses
$5,360
Mortgage P&I
63%
$3,038
Property Taxes
10%
$469
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532