This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $144k initial cash invested.
-3.27%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$5,974
Rent
-$392
Cashflow
Cash Flow
$5,974 income − $6,366 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,987
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,974
Total Expenses
$6,366
Mortgage P&I
54%
$3,250
Property Taxes
15%
$879
Home Insurance
3%
$206
HOA
0%
$0
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657