This property looks like a bad Mid-Term investment with a projected -7.54% first-year return on $142k initial cash invested.
-7.54%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$4,524
Rent
-$894
Cashflow
Cash Flow
$4,524 income − $5,418 expenses = $894 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,917
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,524
Total Expenses
$5,418
Mortgage P&I
70%
$3,179
Property Taxes
11%
$499
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498