This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $145k initial cash invested.
-6.78%
Cash On Cash
4.73%
Cap Rate
0.79
DSCR
$4,227
Rent
-$820
Cashflow
Cash Flow
$4,227 income − $5,047 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,227
Total Expenses
$5,047
Mortgage P&I
72%
$3,036
Property Taxes
9%
$362
Home Insurance
5%
$212
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465