This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $145k initial cash invested.
-4.33%
Cash On Cash
5.9%
Cap Rate
0.92
DSCR
$6,364
Rent
-$523
Cashflow
Cash Flow
$6,364 income − $6,887 expenses = $523 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,364
Total Expenses
$6,887
Mortgage P&I
51%
$3,243
Property Taxes
20%
$1,260
Home Insurance
3%
$219
HOA
0%
$0
Property Management
12%
$764
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$700