This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $141k initial cash invested.
-8.7%
Cash On Cash
4.35%
Cap Rate
0.72
DSCR
$5,332
Rent
-$1,026
Cashflow
Cash Flow
$5,332 income − $6,358 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,880
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,332
Total Expenses
$6,358
Mortgage P&I
55%
$2,946
Property Taxes
26%
$1,393
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587