This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $141k initial cash invested.
-7.62%
Cash On Cash
4.92%
Cap Rate
0.77
DSCR
$4,725
Rent
-$898
Cashflow
Cash Flow
$4,725 income − $5,623 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,880
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,725
Total Expenses
$5,623
Mortgage P&I
66%
$3,122
Property Taxes
14%
$658
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520