This property looks like a bad Mid-Term investment with a projected -9.98% first-year return on $142k initial cash invested.
-9.98%
Cash On Cash
3.97%
Cap Rate
0.66
DSCR
$3,894
Rent
-$1,179
Cashflow
Cash Flow
$3,894 income − $5,073 expenses = $1,179 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,893
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,894
Total Expenses
$5,073
Mortgage P&I
76%
$2,971
Property Taxes
15%
$568
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428