This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $146k initial cash invested.
-7.49%
Cash On Cash
5.11%
Cap Rate
0.78
DSCR
$4,874
Rent
-$910
Cashflow
Cash Flow
$4,874 income − $5,784 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,087
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,874
Total Expenses
$5,784
Mortgage P&I
68%
$3,305
Property Taxes
13%
$614
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536