This property looks like a bad Mid-Term investment with a projected -6.92% first-year return on $143k initial cash invested.
-6.92%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$4,974
Rent
-$822
Cashflow
Cash Flow
$4,974 income − $5,796 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,931
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,974
Total Expenses
$5,796
Mortgage P&I
64%
$3,177
Property Taxes
14%
$705
Home Insurance
4%
$210
HOA
0%
$13
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547