This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $143k initial cash invested.
-2.9%
Cash On Cash
5.89%
Cap Rate
0.95
DSCR
$5,168
Rent
-$345
Cashflow
Cash Flow
$5,168 income − $5,513 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,942
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,168
Total Expenses
$5,513
Mortgage P&I
59%
$3,057
Property Taxes
9%
$489
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568