This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $141k initial cash invested.
-5.87%
Cash On Cash
5.39%
Cap Rate
0.84
DSCR
$4,500
Rent
-$689
Cashflow
Cash Flow
$4,500 income − $5,189 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,500
Total Expenses
$5,189
Mortgage P&I
70%
$3,138
Property Taxes
7%
$311
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495