This property looks like a bad Mid-Term investment with a projected -4.69% first-year return on $143k initial cash invested.
-4.69%
Cash On Cash
5.35%
Cap Rate
0.88
DSCR
$5,210
Rent
-$560
Cashflow
Cash Flow
$5,210 income − $5,770 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,964
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,210
Total Expenses
$5,770
Mortgage P&I
58%
$3,010
Property Taxes
15%
$780
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573