This property looks like a bad Mid-Term investment with a projected -2.81% first-year return on $142k initial cash invested.
-2.81%
Cash On Cash
6.18%
Cap Rate
0.96
DSCR
$5,528
Rent
-$333
Cashflow
Cash Flow
$5,528 income − $5,861 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,911
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,528
Total Expenses
$5,861
Mortgage P&I
57%
$3,155
Property Taxes
11%
$617
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608