This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $142k initial cash invested.
-5.95%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$4,239
Rent
-$703
Cashflow
Cash Flow
$4,239 income − $4,942 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,894
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,239
Total Expenses
$4,942
Mortgage P&I
75%
$3,196
Property Taxes
2%
$85
Home Insurance
5%
$219
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466