This property looks like a bad Mid-Term investment with a projected -8.03% first-year return on $141k initial cash invested.
-8.03%
Cash On Cash
4.76%
Cap Rate
0.76
DSCR
$4,773
Rent
-$947
Cashflow
Cash Flow
$4,773 income − $5,720 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,878
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,773
Total Expenses
$5,720
Mortgage P&I
65%
$3,089
Property Taxes
17%
$798
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525