This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $141k initial cash invested.
-2.99%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$5,144
Rent
-$352
Cashflow
Cash Flow
$5,144 income − $5,496 expenses = $352 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,144
Total Expenses
$5,496
Mortgage P&I
58%
$2,977
Property Taxes
11%
$556
Home Insurance
4%
$214
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566