This property looks like a bad Mid-Term investment with a projected -1.99% first-year return on $146k initial cash invested.
-1.99%
Cash On Cash
6.09%
Cap Rate
0.99
DSCR
$5,619
Rent
-$241
Cashflow
Cash Flow
$5,619 income − $5,860 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$121k
Closing costs
1%
$6,074
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,619
Total Expenses
$5,860
Mortgage P&I
55%
$3,100
Property Taxes
11%
$630
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618