This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $144k initial cash invested.
-3.82%
Cash On Cash
5.86%
Cap Rate
0.92
DSCR
$5,350
Rent
-$460
Cashflow
Cash Flow
$5,350 income − $5,810 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,018
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,350
Total Expenses
$5,810
Mortgage P&I
60%
$3,185
Property Taxes
11%
$597
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588