This property looks like a bad Mid-Term investment with a projected -4.85% first-year return on $141k initial cash invested.
-4.85%
Cash On Cash
5.61%
Cap Rate
0.89
DSCR
$5,380
Rent
-$568
Cashflow
Cash Flow
$5,380 income − $5,948 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,839
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,380
Total Expenses
$5,948
Mortgage P&I
57%
$3,083
Property Taxes
15%
$826
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592