This property looks like a bad Mid-Term investment with a projected -4.09% first-year return on $141k initial cash invested.
-4.09%
Cash On Cash
5.81%
Cap Rate
0.91
DSCR
$5,168
Rent
-$481
Cashflow
Cash Flow
$5,168 income − $5,649 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,870
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,168
Total Expenses
$5,649
Mortgage P&I
60%
$3,116
Property Taxes
11%
$566
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568