This property looks like a bad Mid-Term investment with a projected -6.64% first-year return on $142k initial cash invested.
-6.64%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$4,782
Rent
-$786
Cashflow
Cash Flow
$4,782 income − $5,568 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,907
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,782
Total Expenses
$5,568
Mortgage P&I
68%
$3,258
Property Taxes
10%
$479
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526