This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $145k initial cash invested.
-6.57%
Cash On Cash
4.94%
Cap Rate
0.81
DSCR
$5,264
Rent
-$795
Cashflow
Cash Flow
$5,264 income − $6,059 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,055
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,264
Total Expenses
$6,059
Mortgage P&I
58%
$3,075
Property Taxes
19%
$981
Home Insurance
4%
$212
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579