This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $144k initial cash invested.
-6.87%
Cash On Cash
5.15%
Cap Rate
0.81
DSCR
$5,098
Rent
-$826
Cashflow
Cash Flow
$5,098 income − $5,924 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,012
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,098
Total Expenses
$5,924
Mortgage P&I
63%
$3,203
Property Taxes
15%
$759
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561