This property looks like a bad Mid-Term investment with a projected -6.87% first-year return on $142k initial cash invested.
-6.87%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$4,664
Rent
-$812
Cashflow
Cash Flow
$4,664 income − $5,476 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,664
Total Expenses
$5,476
Mortgage P&I
70%
$3,259
Property Taxes
9%
$424
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513