This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $144k initial cash invested.
-7.23%
Cash On Cash
5.21%
Cap Rate
0.8
DSCR
$5,170
Rent
-$866
Cashflow
Cash Flow
$5,170 income − $6,036 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,985
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,170
Total Expenses
$6,036
Mortgage P&I
63%
$3,255
Property Taxes
15%
$800
Home Insurance
4%
$210
HOA
0%
$13
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569