This property looks like a bad Mid-Term investment with a projected -9.29% first-year return on $141k initial cash invested.
-9.29%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$4,304
Rent
-$1,090
Cashflow
Cash Flow
$4,304 income − $5,394 expenses = $1,090 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,304
Total Expenses
$5,394
Mortgage P&I
75%
$3,235
Property Taxes
11%
$492
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473