This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $143k initial cash invested.
-6.6%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$5,578
Rent
-$785
Cashflow
Cash Flow
$5,578 income − $6,363 expenses = $785 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,944
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,578
Total Expenses
$6,363
Mortgage P&I
57%
$3,199
Property Taxes
19%
$1,040
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$614