This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $141k initial cash invested.
-10.59%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$3,759
Rent
-$1,243
Cashflow
Cash Flow
$3,759 income − $5,002 expenses = $1,243 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,759
Total Expenses
$5,002
Mortgage P&I
84%
$3,142
Property Taxes
10%
$378
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413