This property looks like a bad Mid-Term investment with a projected -10.27% first-year return on $144k initial cash invested.
-10.27%
Cash On Cash
4.19%
Cap Rate
0.66
DSCR
$3,512
Rent
-$1,230
Cashflow
Cash Flow
$3,512 income − $4,742 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,985
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,512
Total Expenses
$4,742
Mortgage P&I
91%
$3,181
Property Taxes
4%
$150
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386