This property looks like a bad Mid-Term investment with a projected -9.87% first-year return on $143k initial cash invested.
-9.87%
Cash On Cash
4.28%
Cap Rate
0.67
DSCR
$3,534
Rent
-$1,176
Cashflow
Cash Flow
$3,534 income − $4,710 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,534
Total Expenses
$4,710
Mortgage P&I
89%
$3,158
Property Taxes
4%
$143
Home Insurance
6%
$208
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389