This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $143k initial cash invested.
-3.45%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$4,906
Rent
-$411
Cashflow
Cash Flow
$4,906 income − $5,317 expenses = $411 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,906
Total Expenses
$5,317
Mortgage P&I
67%
$3,291
Property Taxes
3%
$150
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540