This property looks like a bad Mid-Term investment with a projected -0.03% first-year return on $144k initial cash invested.
-0.03%
Cash On Cash
6.8%
Cap Rate
1.07
DSCR
$5,811
Rent
-$3
Cashflow
Cash Flow
$5,811 income − $5,814 expenses = $3 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,811
Total Expenses
$5,814
Mortgage P&I
54%
$3,166
Property Taxes
8%
$464
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$697
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$639