This property looks like a bad Mid-Term investment with a projected -6.2% first-year return on $124k initial cash invested.
-6.2%
Cash On Cash
5.05%
Cap Rate
0.84
DSCR
$4,200
Rent
-$641
Cashflow
Cash Flow
$4,200 income − $4,841 expenses = $641 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$124k
Downpayment
20%
$118k
Closing costs
1%
$5,908
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,200
Total Expenses
$4,841
Mortgage P&I
70%
$2,960
Property Taxes
6%
$246
Home Insurance
5%
$207
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462