This property looks like a bad Mid-Term investment with a projected -6.69% first-year return on $142k initial cash invested.
-6.69%
Cash On Cash
4.83%
Cap Rate
0.8
DSCR
$4,569
Rent
-$792
Cashflow
Cash Flow
$4,569 income − $5,361 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,909
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,569
Total Expenses
$5,361
Mortgage P&I
65%
$2,987
Property Taxes
14%
$620
Home Insurance
4%
$200
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503