This property looks like a bad Mid-Term investment with a projected -2.4% first-year return on $145k initial cash invested.
-2.4%
Cash On Cash
6.46%
Cap Rate
0.99
DSCR
$6,063
Rent
-$291
Cashflow
Cash Flow
$6,063 income − $6,354 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$606k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,061
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,063
Total Expenses
$6,354
Mortgage P&I
55%
$3,309
Property Taxes
12%
$756
Home Insurance
4%
$226
HOA
0%
$0
Property Management
12%
$728
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$667