This property looks like a bad Mid-Term investment with a projected -0.5% first-year return on $143k initial cash invested.
-0.5%
Cash On Cash
6.44%
Cap Rate
1.05
DSCR
$5,622
Rent
-$60
Cashflow
Cash Flow
$5,622 income − $5,682 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,969
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,622
Total Expenses
$5,682
Mortgage P&I
54%
$3,040
Property Taxes
8%
$476
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618