This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $144k initial cash invested.
-7.53%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$4,850
Rent
-$906
Cashflow
Cash Flow
$4,850 income − $5,756 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,014
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,850
Total Expenses
$5,756
Mortgage P&I
68%
$3,291
Property Taxes
12%
$600
Home Insurance
4%
$215
HOA
0%
$0
Property Management
12%
$582
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$534