This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $141k initial cash invested.
-8.89%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$3,963
Rent
-$1,043
Cashflow
Cash Flow
$3,963 income − $5,006 expenses = $1,043 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%
$5,847
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,963
Total Expenses
$5,006
Mortgage P&I
81%
$3,198
Property Taxes
6%
$232
Home Insurance
5%
$210
HOA
0%
$17
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$436