This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $145k initial cash invested.
-6.57%
Cash On Cash
5.5%
Cap Rate
0.83
DSCR
$5,704
Rent
-$792
Cashflow
Cash Flow
$5,704 income − $6,496 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,028
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,704
Total Expenses
$6,496
Mortgage P&I
58%
$3,328
Property Taxes
18%
$1,020
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627