This property looks like a bad Mid-Term investment with a projected -9.56% first-year return on $143k initial cash invested.
-9.56%
Cash On Cash
4.11%
Cap Rate
0.67
DSCR
$3,744
Rent
-$1,136
Cashflow
Cash Flow
$3,744 income − $4,880 expenses = $1,136 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,933
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,744
Total Expenses
$4,880
Mortgage P&I
81%
$3,018
Property Taxes
10%
$381
Home Insurance
6%
$208
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412