This property looks like a bad Mid-Term investment with a projected -6.08% first-year return on $142k initial cash invested.
-6.08%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$5,703
Rent
-$719
Cashflow
Cash Flow
$5,703 income − $6,422 expenses = $719 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,905
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,703
Total Expenses
$6,422
Mortgage P&I
58%
$3,280
Property Taxes
17%
$976
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627