This property looks like a bad Mid-Term investment with a projected -6.9% first-year return on $141k initial cash invested.
-6.9%
Cash On Cash
4.87%
Cap Rate
0.8
DSCR
$5,031
Rent
-$812
Cashflow
Cash Flow
$5,031 income − $5,843 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,031
Total Expenses
$5,843
Mortgage P&I
59%
$2,992
Property Taxes
19%
$938
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553