This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $143k initial cash invested.
-8.73%
Cash On Cash
4.3%
Cap Rate
0.71
DSCR
$3,969
Rent
-$1,040
Cashflow
Cash Flow
$3,969 income − $5,009 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,969
Total Expenses
$5,009
Mortgage P&I
76%
$3,011
Property Taxes
11%
$440
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$476
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437