This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $142k initial cash invested.
-4.2%
Cash On Cash
5.72%
Cap Rate
0.91
DSCR
$5,198
Rent
-$498
Cashflow
Cash Flow
$5,198 income − $5,696 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$119k
Closing costs
1%
$5,926
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,198
Total Expenses
$5,696
Mortgage P&I
60%
$3,114
Property Taxes
12%
$604
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$624
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$572