This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $143k initial cash invested.
-5.73%
Cash On Cash
5.16%
Cap Rate
0.85
DSCR
$5,700
Rent
-$682
Cashflow
Cash Flow
$5,700 income − $6,382 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,700
Total Expenses
$6,382
Mortgage P&I
53%
$3,011
Property Taxes
21%
$1,225
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627