This property looks like a bad Mid-Term investment with a projected -7.83% first-year return on $144k initial cash invested.
-7.83%
Cash On Cash
5.11%
Cap Rate
0.77
DSCR
$4,750
Rent
-$937
Cashflow
Cash Flow
$4,750 income − $5,687 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,750
Total Expenses
$5,687
Mortgage P&I
69%
$3,291
Property Taxes
12%
$573
Home Insurance
4%
$209
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522