This property looks like a bad Mid-Term investment with a projected -7.46% first-year return on $142k initial cash invested.
-7.46%
Cash On Cash
4.95%
Cap Rate
0.78
DSCR
$4,602
Rent
-$885
Cashflow
Cash Flow
$4,602 income − $5,487 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,919
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$5,487
Mortgage P&I
68%
$3,142
Property Taxes
12%
$530
Home Insurance
5%
$208
HOA
1%
$43
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506