This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $142k initial cash invested.
-6.17%
Cash On Cash
5.23%
Cap Rate
0.82
DSCR
$4,467
Rent
-$730
Cashflow
Cash Flow
$4,467 income − $5,197 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,467
Total Expenses
$5,197
Mortgage P&I
70%
$3,124
Property Taxes
8%
$348
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491