This property looks like a bad Mid-Term investment with a projected -7.48% first-year return on $142k initial cash invested.
-7.48%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$4,556
Rent
-$882
Cashflow
Cash Flow
$4,556 income − $5,438 expenses = $882 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,883
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,556
Total Expenses
$5,438
Mortgage P&I
69%
$3,150
Property Taxes
12%
$529
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501