This property looks like a bad Mid-Term investment with a projected -6.76% first-year return on $143k initial cash invested.
-6.76%
Cash On Cash
4.82%
Cap Rate
0.79
DSCR
$4,602
Rent
-$804
Cashflow
Cash Flow
$4,602 income − $5,406 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,944
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$5,406
Mortgage P&I
65%
$3,007
Property Taxes
14%
$625
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506