This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $141k initial cash invested.
-6.8%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$4,179
Rent
-$797
Cashflow
Cash Flow
$4,179 income − $4,976 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,841
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,179
Total Expenses
$4,976
Mortgage P&I
74%
$3,104
Property Taxes
4%
$172
Home Insurance
5%
$220
HOA
1%
$60
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460