This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $144k initial cash invested.
-5.73%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$5,049
Rent
-$687
Cashflow
Cash Flow
$5,049 income − $5,736 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,049
Total Expenses
$5,736
Mortgage P&I
64%
$3,236
Property Taxes
11%
$574
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555