This property looks like a bad Mid-Term investment with a projected -4.76% first-year return on $142k initial cash invested.
-4.76%
Cash On Cash
5.6%
Cap Rate
0.88
DSCR
$4,600
Rent
-$562
Cashflow
Cash Flow
$4,600 income − $5,162 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,600
Total Expenses
$5,162
Mortgage P&I
68%
$3,126
Property Taxes
5%
$245
Home Insurance
4%
$206
HOA
0%
$21
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506