This property looks like a bad Mid-Term investment with a projected -9.83% first-year return on $141k initial cash invested.
-9.83%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$3,668
Rent
-$1,154
Cashflow
Cash Flow
$3,668 income − $4,822 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,852
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,668
Total Expenses
$4,822
Mortgage P&I
87%
$3,178
Property Taxes
5%
$187
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403