This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $143k initial cash invested.
-3.94%
Cash On Cash
5.48%
Cap Rate
0.91
DSCR
$4,922
Rent
-$469
Cashflow
Cash Flow
$4,922 income − $5,391 expenses = $469 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,922
Total Expenses
$5,391
Mortgage P&I
61%
$2,989
Property Taxes
11%
$520
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541