This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $141k initial cash invested.
-1.8%
Cash On Cash
6.47%
Cap Rate
1.01
DSCR
$5,919
Rent
-$212
Cashflow
Cash Flow
$5,919 income − $6,131 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,868
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,919
Total Expenses
$6,131
Mortgage P&I
53%
$3,138
Property Taxes
14%
$805
Home Insurance
3%
$175
HOA
0%
$0
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651