This property looks like a bad Mid-Term investment with a projected -9% first-year return on $142k initial cash invested.
-9%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$3,568
Rent
-$1,063
Cashflow
Cash Flow
$3,568 income − $4,631 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,568
Total Expenses
$4,631
Mortgage P&I
85%
$3,030
Property Taxes
5%
$178
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$428
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$392