This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $144k initial cash invested.
-4.15%
Cash On Cash
6.21%
Cap Rate
0.92
DSCR
$5,830
Rent
-$497
Cashflow
Cash Flow
$5,830 income − $6,327 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,830
Total Expenses
$6,327
Mortgage P&I
58%
$3,363
Property Taxes
13%
$741
Home Insurance
4%
$210
HOA
1%
$31
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641