This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $142k initial cash invested.
-3.28%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$4,856
Rent
-$388
Cashflow
Cash Flow
$4,856 income − $5,244 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,856
Total Expenses
$5,244
Mortgage P&I
66%
$3,205
Property Taxes
4%
$182
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$534