This property looks like a bad Mid-Term investment with a projected -6.31% first-year return on $142k initial cash invested.
-6.31%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$4,346
Rent
-$745
Cashflow
Cash Flow
$4,346 income − $5,091 expenses = $745 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,346
Total Expenses
$5,091
Mortgage P&I
73%
$3,165
Property Taxes
6%
$242
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478