This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $141k initial cash invested.
-5.65%
Cash On Cash
5.29%
Cap Rate
0.84
DSCR
$4,672
Rent
-$662
Cashflow
Cash Flow
$4,672 income − $5,334 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,836
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,672
Total Expenses
$5,334
Mortgage P&I
65%
$3,047
Property Taxes
10%
$490
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514