This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $141k initial cash invested.
-3.85%
Cash On Cash
5.96%
Cap Rate
0.92
DSCR
$5,385
Rent
-$453
Cashflow
Cash Flow
$5,385 income − $5,838 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,858
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,385
Total Expenses
$5,838
Mortgage P&I
58%
$3,149
Property Taxes
12%
$653
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592