This property looks like a bad Mid-Term investment with a projected -12.69% first-year return on $143k initial cash invested.
-12.69%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$3,400
Rent
-$1,512
Cashflow
Cash Flow
$3,400 income − $4,912 expenses = $1,512 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,400
Total Expenses
$4,912
Mortgage P&I
95%
$3,243
Property Taxes
9%
$305
Home Insurance
6%
$208
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374