This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $145k initial cash invested.
-2.68%
Cash On Cash
6.35%
Cap Rate
0.98
DSCR
$6,058
Rent
-$324
Cashflow
Cash Flow
$6,058 income − $6,382 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,058
Total Expenses
$6,382
Mortgage P&I
54%
$3,286
Property Taxes
9%
$525
Home Insurance
3%
$210
HOA
5%
$302
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666