This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $145k initial cash invested.
-7.91%
Cash On Cash
5.19%
Cap Rate
0.78
DSCR
$5,278
Rent
-$956
Cashflow
Cash Flow
$5,278 income − $6,234 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,278
Total Expenses
$6,234
Mortgage P&I
64%
$3,361
Property Taxes
16%
$867
Home Insurance
4%
$212
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$581