This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $143k initial cash invested.
-2.97%
Cash On Cash
6.34%
Cap Rate
0.96
DSCR
$5,292
Rent
-$354
Cashflow
Cash Flow
$5,292 income − $5,646 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,953
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,292
Total Expenses
$5,646
Mortgage P&I
62%
$3,289
Property Taxes
5%
$242
Home Insurance
3%
$182
HOA
3%
$133
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582