This property looks like a bad Mid-Term investment with a projected -3% first-year return on $142k initial cash invested.
-3%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$5,722
Rent
-$356
Cashflow
Cash Flow
$5,722 income − $6,078 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,722
Total Expenses
$6,078
Mortgage P&I
57%
$3,239
Property Taxes
12%
$683
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629