This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $145k initial cash invested.
-3.52%
Cash On Cash
5.99%
Cap Rate
0.94
DSCR
$5,768
Rent
-$425
Cashflow
Cash Flow
$5,768 income − $6,193 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,040
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,768
Total Expenses
$6,193
Mortgage P&I
56%
$3,210
Property Taxes
14%
$819
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$634