This property looks like a bad Mid-Term investment with a projected -1.65% first-year return on $142k initial cash invested.
-1.65%
Cash On Cash
6.61%
Cap Rate
1
DSCR
$5,169
Rent
-$195
Cashflow
Cash Flow
$5,169 income − $5,364 expenses = $195 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,889
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,169
Total Expenses
$5,364
Mortgage P&I
63%
$3,234
Property Taxes
3%
$162
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569