This property looks like a bad Mid-Term investment with a projected -5% first-year return on $145k initial cash invested.
-5%
Cash On Cash
5.73%
Cap Rate
0.88
DSCR
$5,199
Rent
-$604
Cashflow
Cash Flow
$5,199 income − $5,803 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,048
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,199
Total Expenses
$5,803
Mortgage P&I
63%
$3,284
Property Taxes
10%
$532
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$624
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$572