This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $141k initial cash invested.
-9.43%
Cash On Cash
4.89%
Cap Rate
0.73
DSCR
$5,372
Rent
-$1,110
Cashflow
Cash Flow
$5,372 income − $6,482 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,872
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,372
Total Expenses
$6,482
Mortgage P&I
61%
$3,289
Property Taxes
22%
$1,156
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591