This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $143k initial cash invested.
-6.57%
Cash On Cash
5.35%
Cap Rate
0.82
DSCR
$4,918
Rent
-$783
Cashflow
Cash Flow
$4,918 income − $5,701 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,949
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,918
Total Expenses
$5,701
Mortgage P&I
66%
$3,237
Property Taxes
12%
$581
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541