This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $141k initial cash invested.
-4.18%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$4,632
Rent
-$490
Cashflow
Cash Flow
$4,632 income − $5,122 expenses = $490 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,837
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,632
Total Expenses
$5,122
Mortgage P&I
69%
$3,203
Property Taxes
3%
$129
Home Insurance
5%
$215
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510