This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $142k initial cash invested.
-7.07%
Cash On Cash
5.09%
Cap Rate
0.79
DSCR
$4,269
Rent
-$836
Cashflow
Cash Flow
$4,269 income − $5,105 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,269
Total Expenses
$5,105
Mortgage P&I
74%
$3,165
Property Taxes
5%
$199
Home Insurance
5%
$206
HOA
2%
$83
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470