This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $142k initial cash invested.
-3.18%
Cash On Cash
6.17%
Cap Rate
0.95
DSCR
$5,274
Rent
-$377
Cashflow
Cash Flow
$5,274 income − $5,651 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,914
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,274
Total Expenses
$5,651
Mortgage P&I
61%
$3,207
Property Taxes
9%
$455
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580