This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $145k initial cash invested.
-4.76%
Cash On Cash
5.36%
Cap Rate
0.88
DSCR
$5,032
Rent
-$574
Cashflow
Cash Flow
$5,032 income − $5,606 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,030
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,032
Total Expenses
$5,606
Mortgage P&I
61%
$3,065
Property Taxes
12%
$620
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554