This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $142k initial cash invested.
-2.53%
Cash On Cash
6.13%
Cap Rate
0.97
DSCR
$5,536
Rent
-$299
Cashflow
Cash Flow
$5,536 income − $5,835 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,898
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,536
Total Expenses
$5,835
Mortgage P&I
56%
$3,091
Property Taxes
12%
$655
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$664
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$609