This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $145k initial cash invested.
-7.09%
Cash On Cash
5.07%
Cap Rate
0.8
DSCR
$5,295
Rent
-$857
Cashflow
Cash Flow
$5,295 income − $6,152 expenses = $857 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,295
Total Expenses
$6,152
Mortgage P&I
60%
$3,201
Property Taxes
18%
$932
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582