This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $144k initial cash invested.
-5.31%
Cash On Cash
5.59%
Cap Rate
0.87
DSCR
$5,120
Rent
-$636
Cashflow
Cash Flow
$5,120 income − $5,756 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,120
Total Expenses
$5,756
Mortgage P&I
63%
$3,221
Property Taxes
11%
$584
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563