This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $141k initial cash invested.
-7.44%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$4,976
Rent
-$872
Cashflow
Cash Flow
$4,976 income − $5,848 expenses = $872 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%
$5,843
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,976
Total Expenses
$5,848
Mortgage P&I
64%
$3,186
Property Taxes
15%
$751
Home Insurance
4%
$210
HOA
0%
$10
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547