This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $142k initial cash invested.
-6.5%
Cash On Cash
4.8%
Cap Rate
0.8
DSCR
$4,830
Rent
-$771
Cashflow
Cash Flow
$4,830 income − $5,601 expenses = $771 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,924
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,830
Total Expenses
$5,601
Mortgage P&I
61%
$2,948
Property Taxes
18%
$853
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531