This property looks like a bad Mid-Term investment with a projected -7.75% first-year return on $141k initial cash invested.
-7.75%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$5,025
Rent
-$913
Cashflow
Cash Flow
$5,025 income − $5,938 expenses = $913 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$118k
Closing costs
1%
$5,878
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,025
Total Expenses
$5,938
Mortgage P&I
64%
$3,197
Property Taxes
16%
$822
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553