This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $141k initial cash invested.
-8.89%
Cash On Cash
4.78%
Cap Rate
0.73
DSCR
$4,642
Rent
-$1,048
Cashflow
Cash Flow
$4,642 income − $5,690 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,877
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,642
Total Expenses
$5,690
Mortgage P&I
69%
$3,202
Property Taxes
15%
$717
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511