This property looks like a bad Mid-Term investment with a projected -7.28% first-year return on $142k initial cash invested.
-7.28%
Cash On Cash
4.92%
Cap Rate
0.78
DSCR
$4,400
Rent
-$864
Cashflow
Cash Flow
$4,400 income − $5,264 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$119k
Closing costs
1%
$5,928
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,400
Total Expenses
$5,264
Mortgage P&I
71%
$3,117
Property Taxes
7%
$327
Home Insurance
7%
$324
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484