This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $141k initial cash invested.
-7.01%
Cash On Cash
5%
Cap Rate
0.79
DSCR
$4,428
Rent
-$825
Cashflow
Cash Flow
$4,428 income − $5,253 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,428
Total Expenses
$5,253
Mortgage P&I
70%
$3,092
Property Taxes
10%
$446
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487