This property looks like a bad Mid-Term investment with a projected -8.16% first-year return on $141k initial cash invested.
-8.16%
Cash On Cash
4.69%
Cap Rate
0.74
DSCR
$4,276
Rent
-$956
Cashflow
Cash Flow
$4,276 income − $5,232 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,837
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,276
Total Expenses
$5,232
Mortgage P&I
72%
$3,064
Property Taxes
12%
$510
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470