This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $143k initial cash invested.
-6.78%
Cash On Cash
5.26%
Cap Rate
0.81
DSCR
$4,782
Rent
-$810
Cashflow
Cash Flow
$4,782 income − $5,592 expenses = $810 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,971
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,782
Total Expenses
$5,592
Mortgage P&I
68%
$3,234
Property Taxes
11%
$532
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526