This property looks like a bad Mid-Term investment with a projected -8.4% first-year return on $141k initial cash invested.
-8.4%
Cash On Cash
4.42%
Cap Rate
0.73
DSCR
$4,740
Rent
-$986
Cashflow
Cash Flow
$4,740 income − $5,726 expenses = $986 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,740
Total Expenses
$5,726
Mortgage P&I
62%
$2,953
Property Taxes
18%
$854
Home Insurance
5%
$238
HOA
1%
$69
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521