This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $144k initial cash invested.
-6.68%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$4,904
Rent
-$803
Cashflow
Cash Flow
$4,904 income − $5,707 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,016
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,904
Total Expenses
$5,707
Mortgage P&I
66%
$3,226
Property Taxes
12%
$600
Home Insurance
4%
$215
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539