This property looks like a bad Mid-Term investment with a projected -7.77% first-year return on $143k initial cash invested.
-7.77%
Cash On Cash
4.95%
Cap Rate
0.77
DSCR
$4,412
Rent
-$923
Cashflow
Cash Flow
$4,412 income − $5,335 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,932
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,412
Total Expenses
$5,335
Mortgage P&I
72%
$3,193
Property Taxes
10%
$434
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485