This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $144k initial cash invested.
-8.25%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$5,271
Rent
-$989
Cashflow
Cash Flow
$5,271 income − $6,260 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,271
Total Expenses
$6,260
Mortgage P&I
61%
$3,238
Property Taxes
19%
$1,019
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580