This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $141k initial cash invested.
-4.04%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$4,635
Rent
-$474
Cashflow
Cash Flow
$4,635 income − $5,109 expenses = $474 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
$4,635
Total Expenses
$5,109
Mortgage P&I
64%
$2,962
Property Taxes
8%
$367
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510