This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $141k initial cash invested.
-3.38%
Cash On Cash
6.02%
Cap Rate
0.94
DSCR
$5,330
Rent
-$398
Cashflow
Cash Flow
$5,330 income − $5,728 expenses = $398 out of pocket
Investment Breakdown
|
Purchase Price
$586k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,864
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,330
Total Expenses
$5,728
Mortgage P&I
59%
$3,127
Property Taxes
11%
$574
Home Insurance
4%
$215
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$586