This property looks like a bad Mid-Term investment with a projected -6.61% first-year return on $142k initial cash invested.
-6.61%
Cash On Cash
5.21%
Cap Rate
0.81
DSCR
$4,404
Rent
-$782
Cashflow
Cash Flow
$4,404 income − $5,186 expenses = $782 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,901
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,404
Total Expenses
$5,186
Mortgage P&I
72%
$3,168
Property Taxes
6%
$270
Home Insurance
5%
$210
HOA
1%
$42
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484