This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $144k initial cash invested.
-7.22%
Cash On Cash
5.45%
Cap Rate
0.81
DSCR
$5,288
Rent
-$865
Cashflow
Cash Flow
$5,288 income − $6,153 expenses = $865 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.6%
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
$5,288
Total Expenses
$6,153
Mortgage P&I
64%
$3,374
Property Taxes
14%
$764
Home Insurance
4%
$215
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582