This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $144k initial cash invested.
-6.43%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$5,559
Rent
-$769
Cashflow
Cash Flow
$5,559 income − $6,328 expenses = $769 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,559
Total Expenses
$6,328
Mortgage P&I
59%
$3,307
Property Taxes
17%
$922
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611