This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $141k initial cash invested.
-0.15%
Cash On Cash
6.62%
Cap Rate
1.07
DSCR
$5,770
Rent
-$18
Cashflow
Cash Flow
$5,770 income − $5,788 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,842
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,770
Total Expenses
$5,788
Mortgage P&I
52%
$3,012
Property Taxes
11%
$622
Home Insurance
3%
$192
HOA
0%
$0
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$635