This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $143k initial cash invested.
-7.59%
Cash On Cash
4.74%
Cap Rate
0.76
DSCR
$4,308
Rent
-$904
Cashflow
Cash Flow
$4,308 income − $5,212 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,308
Total Expenses
$5,212
Mortgage P&I
72%
$3,081
Property Taxes
11%
$459
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474