This property looks like a bad Mid-Term investment with a projected -8.65% first-year return on $141k initial cash invested.
-8.65%
Cash On Cash
4.5%
Cap Rate
0.72
DSCR
$4,203
Rent
-$1,018
Cashflow
Cash Flow
$4,203 income − $5,221 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,869
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$5,221
Mortgage P&I
73%
$3,051
Property Taxes
13%
$536
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462