This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $142k initial cash invested.
-2.8%
Cash On Cash
6.03%
Cap Rate
0.97
DSCR
$6,050
Rent
-$331
Cashflow
Cash Flow
$6,050 income − $6,381 expenses = $331 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,894
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,050
Total Expenses
$6,381
Mortgage P&I
50%
$3,052
Property Taxes
17%
$1,052
Home Insurance
3%
$210
HOA
0%
$9
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666