This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $141k initial cash invested.
-8.49%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$4,942
Rent
-$994
Cashflow
Cash Flow
$4,942 income − $5,936 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,834
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,942
Total Expenses
$5,936
Mortgage P&I
64%
$3,178
Property Taxes
11%
$560
Home Insurance
4%
$206
HOA
6%
$311
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544