This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $141k initial cash invested.
-6.78%
Cash On Cash
5.01%
Cap Rate
0.8
DSCR
$4,256
Rent
-$796
Cashflow
Cash Flow
$4,256 income − $5,052 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,256
Total Expenses
$5,052
Mortgage P&I
72%
$3,067
Property Taxes
8%
$333
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468