This property looks like a bad Mid-Term investment with a projected -9.97% first-year return on $141k initial cash invested.
-9.97%
Cash On Cash
4.4%
Cap Rate
0.68
DSCR
$4,515
Rent
-$1,175
Cashflow
Cash Flow
$4,515 income − $5,690 expenses = $1,175 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,879
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,515
Total Expenses
$5,690
Mortgage P&I
70%
$3,148
Property Taxes
12%
$552
Home Insurance
5%
$219
HOA
5%
$235
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497