This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $141k initial cash invested.
-6.49%
Cash On Cash
5.33%
Cap Rate
0.82
DSCR
$4,766
Rent
-$761
Cashflow
Cash Flow
$4,766 income − $5,527 expenses = $761 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,848
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,766
Total Expenses
$5,527
Mortgage P&I
66%
$3,168
Property Taxes
11%
$528
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524