This property looks like a bad Mid-Term investment with a projected -10.5% first-year return on $143k initial cash invested.
-10.5%
Cash On Cash
3.95%
Cap Rate
0.64
DSCR
$3,915
Rent
-$1,254
Cashflow
Cash Flow
$3,915 income − $5,169 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,966
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,915
Total Expenses
$5,169
Mortgage P&I
78%
$3,063
Property Taxes
14%
$554
Home Insurance
5%
$210
HOA
0%
$10
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431