This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $144k initial cash invested.
-7.3%
Cash On Cash
4.97%
Cap Rate
0.79
DSCR
$5,046
Rent
-$878
Cashflow
Cash Flow
$5,046 income − $5,924 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,046
Total Expenses
$5,924
Mortgage P&I
63%
$3,169
Property Taxes
15%
$759
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555