This property looks like a bad Mid-Term investment with a projected -7.13% first-year return on $144k initial cash invested.
-7.13%
Cash On Cash
4.92%
Cap Rate
0.78
DSCR
$4,226
Rent
-$854
Cashflow
Cash Flow
$4,226 income − $5,080 expenses = $854 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,984
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,226
Total Expenses
$5,080
Mortgage P&I
74%
$3,136
Property Taxes
5%
$220
Home Insurance
6%
$245
HOA
1%
$42
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465