This property looks like a bad Mid-Term investment with a projected -8% first-year return on $142k initial cash invested.
-8%
Cash On Cash
4.51%
Cap Rate
0.74
DSCR
$4,240
Rent
-$947
Cashflow
Cash Flow
$4,240 income − $5,187 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,908
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,240
Total Expenses
$5,187
Mortgage P&I
71%
$2,995
Property Taxes
13%
$540
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466