This property looks like a bad Mid-Term investment with a projected -12.65% first-year return on $142k initial cash invested.
-12.65%
Cash On Cash
3.63%
Cap Rate
0.57
DSCR
$3,870
Rent
-$1,497
Cashflow
Cash Flow
$3,870 income − $5,367 expenses = $1,497 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,906
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,870
Total Expenses
$5,367
Mortgage P&I
81%
$3,131
Property Taxes
18%
$713
Home Insurance
5%
$207
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426