This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $142k initial cash invested.
-8.7%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$4,197
Rent
-$1,028
Cashflow
Cash Flow
$4,197 income − $5,225 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,894
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,197
Total Expenses
$5,225
Mortgage P&I
75%
$3,167
Property Taxes
10%
$420
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462