This property looks like a bad Mid-Term investment with a projected -8.02% first-year return on $145k initial cash invested.
-8.02%
Cash On Cash
4.91%
Cap Rate
0.76
DSCR
$4,650
Rent
-$969
Cashflow
Cash Flow
$4,650 income − $5,619 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,650
Total Expenses
$5,619
Mortgage P&I
70%
$3,260
Property Taxes
12%
$558
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512