This property looks like a bad Mid-Term investment with a projected -7.13% first-year return on $141k initial cash invested.
-7.13%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$4,575
Rent
-$837
Cashflow
Cash Flow
$4,575 income − $5,412 expenses = $837 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,851
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,575
Total Expenses
$5,412
Mortgage P&I
69%
$3,160
Property Taxes
10%
$475
Home Insurance
5%
$222
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503