This property looks like a bad Mid-Term investment with a projected -10.18% first-year return on $141k initial cash invested.
-10.18%
Cash On Cash
4.25%
Cap Rate
0.67
DSCR
$4,032
Rent
-$1,198
Cashflow
Cash Flow
$4,032 income − $5,230 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,870
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,032
Total Expenses
$5,230
Mortgage P&I
77%
$3,116
Property Taxes
13%
$542
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444