This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $143k initial cash invested.
-8.83%
Cash On Cash
4.73%
Cap Rate
0.73
DSCR
$4,599
Rent
-$1,055
Cashflow
Cash Flow
$4,599 income − $5,654 expenses = $1,055 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,972
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,599
Total Expenses
$5,654
Mortgage P&I
70%
$3,226
Property Taxes
12%
$534
Home Insurance
5%
$210
HOA
3%
$120
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506