This property looks like a bad Mid-Term investment with a projected -1.93% first-year return on $146k initial cash invested.
-1.93%
Cash On Cash
6.32%
Cap Rate
0.99
DSCR
$5,433
Rent
-$234
Cashflow
Cash Flow
$5,433 income − $5,667 expenses = $234 out of pocket
Investment Breakdown
|
Purchase Price
$608k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,076
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,433
Total Expenses
$5,667
Mortgage P&I
59%
$3,216
Property Taxes
7%
$385
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598