This property looks like a bad Mid-Term investment with a projected -6.97% first-year return on $144k initial cash invested.
-6.97%
Cash On Cash
5.14%
Cap Rate
0.8
DSCR
$4,768
Rent
-$835
Cashflow
Cash Flow
$4,768 income − $5,603 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,989
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,768
Total Expenses
$5,603
Mortgage P&I
67%
$3,207
Property Taxes
12%
$570
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524