This property looks like a bad Mid-Term investment with a projected -12.16% first-year return on $143k initial cash invested.
-12.16%
Cash On Cash
4.13%
Cap Rate
0.61
DSCR
$3,699
Rent
-$1,454
Cashflow
Cash Flow
$3,699 income − $5,153 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,974
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,699
Total Expenses
$5,153
Mortgage P&I
91%
$3,362
Property Taxes
9%
$346
Home Insurance
5%
$187
HOA
0%
$0
Property Management
12%
$444
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$407