This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $141k initial cash invested.
-6.94%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$5,022
Rent
-$813
Cashflow
Cash Flow
$5,022 income − $5,835 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,839
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,022
Total Expenses
$5,835
Mortgage P&I
63%
$3,181
Property Taxes
12%
$604
Home Insurance
4%
$217
HOA
2%
$125
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552