This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $143k initial cash invested.
-4.59%
Cash On Cash
5.75%
Cap Rate
0.89
DSCR
$5,062
Rent
-$548
Cashflow
Cash Flow
$5,062 income − $5,610 expenses = $548 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,966
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,062
Total Expenses
$5,610
Mortgage P&I
63%
$3,206
Property Taxes
9%
$470
Home Insurance
4%
$214
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557