This property looks like a bad Mid-Term investment with a projected -13.97% first-year return on $142k initial cash invested.
-13.97%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$3,256
Rent
-$1,649
Cashflow
Cash Flow
$3,256 income − $4,905 expenses = $1,649 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,256
Total Expenses
$4,905
Mortgage P&I
100%
$3,244
Property Taxes
10%
$331
Home Insurance
6%
$206
HOA
1%
$17
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358