This property looks like a bad Mid-Term investment with a projected -4.43% first-year return on $141k initial cash invested.
-4.43%
Cash On Cash
5.68%
Cap Rate
0.9
DSCR
$5,250
Rent
-$521
Cashflow
Cash Flow
$5,250 income − $5,771 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,857
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,250
Total Expenses
$5,771
Mortgage P&I
59%
$3,084
Property Taxes
13%
$691
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578