This property looks like a bad Mid-Term investment with a projected -3.39% first-year return on $143k initial cash invested.
-3.39%
Cash On Cash
5.79%
Cap Rate
0.93
DSCR
$5,098
Rent
-$404
Cashflow
Cash Flow
$5,098 income − $5,502 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,951
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,098
Total Expenses
$5,502
Mortgage P&I
60%
$3,070
Property Taxes
10%
$488
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561