This property looks like a bad Mid-Term investment with a projected -2.71% first-year return on $142k initial cash invested.
-2.71%
Cash On Cash
6.11%
Cap Rate
0.96
DSCR
$5,004
Rent
-$321
Cashflow
Cash Flow
$5,004 income − $5,325 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,912
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,004
Total Expenses
$5,325
Mortgage P&I
63%
$3,130
Property Taxes
6%
$285
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550