This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $144k initial cash invested.
-7.91%
Cash On Cash
4.74%
Cap Rate
0.75
DSCR
$4,058
Rent
-$946
Cashflow
Cash Flow
$4,058 income − $5,004 expenses = $946 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,979
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,058
Total Expenses
$5,004
Mortgage P&I
78%
$3,145
Property Taxes
7%
$271
Home Insurance
5%
$209
HOA
0%
$0
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446