This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $145k initial cash invested.
-5.59%
Cash On Cash
5.44%
Cap Rate
0.85
DSCR
$5,088
Rent
-$674
Cashflow
Cash Flow
$5,088 income − $5,762 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,037
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,088
Total Expenses
$5,762
Mortgage P&I
63%
$3,205
Property Taxes
12%
$605
Home Insurance
4%
$220
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560