This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $143k initial cash invested.
-1.81%
Cash On Cash
6.53%
Cap Rate
1
DSCR
$5,690
Rent
-$215
Cashflow
Cash Flow
$5,690 income − $5,905 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,945
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,690
Total Expenses
$5,905
Mortgage P&I
57%
$3,221
Property Taxes
9%
$540
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626