This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $146k initial cash invested.
-7.76%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$4,896
Rent
-$943
Cashflow
Cash Flow
$4,896 income − $5,839 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,091
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,896
Total Expenses
$5,839
Mortgage P&I
69%
$3,383
Property Taxes
10%
$507
Home Insurance
4%
$220
HOA
1%
$63
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539