This property looks like a bad Mid-Term investment with a projected -4.53% first-year return on $141k initial cash invested.
-4.53%
Cash On Cash
6.04%
Cap Rate
0.9
DSCR
$5,488
Rent
-$532
Cashflow
Cash Flow
$5,488 income − $6,020 expenses = $532 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,858
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,488
Total Expenses
$6,020
Mortgage P&I
59%
$3,262
Property Taxes
13%
$732
Home Insurance
3%
$158
HOA
0%
$0
Property Management
12%
$659
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$604