This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $141k initial cash invested.
-9.02%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$3,597
Rent
-$1,058
Cashflow
Cash Flow
$3,597 income − $4,655 expenses = $1,058 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,849
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,597
Total Expenses
$4,655
Mortgage P&I
83%
$2,979
Property Taxes
3%
$98
Home Insurance
6%
$214
HOA
4%
$140
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396