This property looks like a bad Mid-Term investment with a projected -2.8% first-year return on $144k initial cash invested.
-2.8%
Cash On Cash
5.82%
Cap Rate
0.96
DSCR
$5,274
Rent
-$335
Cashflow
Cash Flow
$5,274 income − $5,609 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,983
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,274
Total Expenses
$5,609
Mortgage P&I
57%
$3,025
Property Taxes
11%
$582
Home Insurance
4%
$209
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580