This property looks like a bad Mid-Term investment with a projected -4.73% first-year return on $142k initial cash invested.
-4.73%
Cash On Cash
5.58%
Cap Rate
0.88
DSCR
$4,953
Rent
-$559
Cashflow
Cash Flow
$4,953 income − $5,512 expenses = $559 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,953
Total Expenses
$5,512
Mortgage P&I
63%
$3,104
Property Taxes
10%
$514
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545