This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $141k initial cash invested.
-9.14%
Cash On Cash
4.71%
Cap Rate
0.71
DSCR
$3,812
Rent
-$1,074
Cashflow
Cash Flow
$3,812 income − $4,886 expenses = $1,074 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,856
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$4,886
Mortgage P&I
84%
$3,220
Property Taxes
4%
$166
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419