This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $146k initial cash invested.
-3.12%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$5,254
Rent
-$380
Cashflow
Cash Flow
$5,254 income − $5,634 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$116k
Closing costs
1%
$5,806
Rehab
0%
$0
Furnishing
4%
$24,000
Cashflow
Total Income
$5,254
Total Expenses
$5,634
Mortgage P&I
59%
$3,125
Property Taxes
10%
$520
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578