This property looks like a bad Mid-Term investment with a projected -7.84% first-year return on $144k initial cash invested.
-7.84%
Cash On Cash
4.9%
Cap Rate
0.77
DSCR
$5,010
Rent
-$939
Cashflow
Cash Flow
$5,010 income − $5,949 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,010
Total Expenses
$5,949
Mortgage P&I
64%
$3,185
Property Taxes
17%
$852
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551