This property looks like a bad Mid-Term investment with a projected -4.68% first-year return on $143k initial cash invested.
-4.68%
Cash On Cash
5.33%
Cap Rate
0.88
DSCR
$4,662
Rent
-$559
Cashflow
Cash Flow
$4,662 income − $5,221 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,966
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,662
Total Expenses
$5,221
Mortgage P&I
65%
$3,023
Property Taxes
9%
$404
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$513