This property looks like a bad Mid-Term investment with a projected -10.39% first-year return on $141k initial cash invested.
-10.39%
Cash On Cash
4.51%
Cap Rate
0.68
DSCR
$5,085
Rent
-$1,219
Cashflow
Cash Flow
$5,085 income − $6,304 expenses = $1,219 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%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,085
Total Expenses
$6,304
Mortgage P&I
63%
$3,214
Property Taxes
21%
$1,067
Home Insurance
4%
$205
HOA
2%
$90
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559