This property looks like a bad Mid-Term investment with a projected -8.81% first-year return on $141k initial cash invested.
-8.81%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$4,581
Rent
-$1,037
Cashflow
Cash Flow
$4,581 income − $5,618 expenses = $1,037 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,866
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,581
Total Expenses
$5,618
Mortgage P&I
69%
$3,178
Property Taxes
12%
$529
Home Insurance
5%
$210
HOA
3%
$144
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504