This property looks like a bad Mid-Term investment with a projected -9.77% first-year return on $141k initial cash invested.
-9.77%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$4,296
Rent
-$1,146
Cashflow
Cash Flow
$4,296 income − $5,442 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,849
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,296
Total Expenses
$5,442
Mortgage P&I
75%
$3,212
Property Taxes
13%
$563
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473