This property looks like a bad Mid-Term investment with a projected -4% first-year return on $144k initial cash invested.
-4%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$6,054
Rent
-$479
Cashflow
Cash Flow
$6,054 income − $6,533 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,985
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,054
Total Expenses
$6,533
Mortgage P&I
54%
$3,273
Property Taxes
16%
$992
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666