This property looks like a bad Mid-Term investment with a projected -7.7% first-year return on $141k initial cash invested.
-7.7%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$4,284
Rent
-$904
Cashflow
Cash Flow
$4,284 income − $5,188 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,848
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,284
Total Expenses
$5,188
Mortgage P&I
77%
$3,289
Property Taxes
4%
$188
Home Insurance
5%
$210
HOA
1%
$45
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$471