This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $144k initial cash invested.
-5.47%
Cash On Cash
5.4%
Cap Rate
0.85
DSCR
$4,353
Rent
-$656
Cashflow
Cash Flow
$4,353 income − $5,009 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,353
Total Expenses
$5,009
Mortgage P&I
73%
$3,179
Property Taxes
3%
$140
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479