This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $143k initial cash invested.
-0.42%
Cash On Cash
6.39%
Cap Rate
1.05
DSCR
$5,092
Rent
-$50
Cashflow
Cash Flow
$5,092 income − $5,142 expenses = $50 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,948
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,092
Total Expenses
$5,142
Mortgage P&I
59%
$3,015
Property Taxes
3%
$168
Home Insurance
4%
$227
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560