This property looks like a bad Mid-Term investment with a projected -4.07% first-year return on $142k initial cash invested.
-4.07%
Cash On Cash
5.93%
Cap Rate
0.92
DSCR
$5,342
Rent
-$480
Cashflow
Cash Flow
$5,342 income − $5,822 expenses = $480 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%
$5,886
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,342
Total Expenses
$5,822
Mortgage P&I
59%
$3,176
Property Taxes
11%
$605
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588