This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $143k initial cash invested.
-4.83%
Cash On Cash
5.76%
Cap Rate
0.88
DSCR
$4,908
Rent
-$578
Cashflow
Cash Flow
$4,908 income − $5,486 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$120k
Closing costs
1%
$5,975
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,908
Total Expenses
$5,486
Mortgage P&I
66%
$3,251
Property Taxes
7%
$357
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540