This property looks like a bad Mid-Term investment with a projected -8.26% first-year return on $144k initial cash invested.
-8.26%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$4,854
Rent
-$990
Cashflow
Cash Flow
$4,854 income − $5,844 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,854
Total Expenses
$5,844
Mortgage P&I
68%
$3,292
Property Taxes
14%
$692
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$582
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$534