This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $145k initial cash invested.
-5.86%
Cash On Cash
5.13%
Cap Rate
0.83
DSCR
$4,533
Rent
-$706
Cashflow
Cash Flow
$4,533 income − $5,239 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,032
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,533
Total Expenses
$5,239
Mortgage P&I
69%
$3,105
Property Taxes
8%
$376
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499