This property looks like a bad Mid-Term investment with a projected -9.7% first-year return on $141k initial cash invested.
-9.7%
Cash On Cash
4.34%
Cap Rate
0.69
DSCR
$4,408
Rent
-$1,137
Cashflow
Cash Flow
$4,408 income − $5,545 expenses = $1,137 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,838
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,408
Total Expenses
$5,545
Mortgage P&I
70%
$3,072
Property Taxes
17%
$765
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485