This property looks like a bad Mid-Term investment with a projected -9.9% first-year return on $142k initial cash invested.
-9.9%
Cash On Cash
4.31%
Cap Rate
0.68
DSCR
$4,258
Rent
-$1,175
Cashflow
Cash Flow
$4,258 income − $5,433 expenses = $1,175 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,258
Total Expenses
$5,433
Mortgage P&I
74%
$3,132
Property Taxes
15%
$646
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468