This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $144k initial cash invested.
-4.86%
Cash On Cash
5.52%
Cap Rate
0.87
DSCR
$4,539
Rent
-$582
Cashflow
Cash Flow
$4,539 income − $5,121 expenses = $582 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,539
Total Expenses
$5,121
Mortgage P&I
70%
$3,156
Property Taxes
5%
$211
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499