This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $144k initial cash invested.
-3.37%
Cash On Cash
6.08%
Cap Rate
0.94
DSCR
$5,206
Rent
-$406
Cashflow
Cash Flow
$5,206 income − $5,612 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,020
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,206
Total Expenses
$5,612
Mortgage P&I
62%
$3,247
Property Taxes
8%
$438
Home Insurance
3%
$157
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573