This property looks like a bad Mid-Term investment with a projected -3.82% first-year return on $141k initial cash invested.
-3.82%
Cash On Cash
5.58%
Cap Rate
0.91
DSCR
$4,728
Rent
-$448
Cashflow
Cash Flow
$4,728 income − $5,176 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,847
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,728
Total Expenses
$5,176
Mortgage P&I
63%
$2,978
Property Taxes
7%
$336
Home Insurance
4%
$205
HOA
1%
$50
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520