This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $145k initial cash invested.
-2.39%
Cash On Cash
5.98%
Cap Rate
0.98
DSCR
$5,487
Rent
-$289
Cashflow
Cash Flow
$5,487 income − $5,776 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,049
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,487
Total Expenses
$5,776
Mortgage P&I
56%
$3,083
Property Taxes
11%
$609
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$658
CapEx
4%
$219
Vacancy
3%
$165
Maintenance
4%
$219
Other
11%
$604