This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $143k initial cash invested.
-5.91%
Cash On Cash
5.8%
Cap Rate
0.86
DSCR
$5,520
Rent
-$704
Cashflow
Cash Flow
$5,520 income − $6,224 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,944
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,520
Total Expenses
$6,224
Mortgage P&I
61%
$3,356
Property Taxes
14%
$763
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$607