This property looks like a bad Mid-Term investment with a projected -2.75% first-year return on $143k initial cash invested.
-2.75%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$4,725
Rent
-$328
Cashflow
Cash Flow
$4,725 income − $5,053 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,957
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,725
Total Expenses
$5,053
Mortgage P&I
64%
$3,015
Property Taxes
5%
$221
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520