This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $141k initial cash invested.
-2.99%
Cash On Cash
5.86%
Cap Rate
0.95
DSCR
$4,965
Rent
-$351
Cashflow
Cash Flow
$4,965 income − $5,316 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,859
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,965
Total Expenses
$5,316
Mortgage P&I
61%
$3,011
Property Taxes
8%
$406
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546