This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $142k initial cash invested.
-9.13%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$3,420
Rent
-$1,080
Cashflow
Cash Flow
$3,420 income − $4,500 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,420
Total Expenses
$4,500
Mortgage P&I
88%
$3,011
Property Taxes
4%
$120
Home Insurance
6%
$206
HOA
0%
$0
Property Management
12%
$410
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$376