This property looks like a bad Mid-Term investment with a projected -13.09% first-year return on $141k initial cash invested.
-13.09%
Cash On Cash
3.27%
Cap Rate
0.53
DSCR
$3,111
Rent
-$1,536
Cashflow
Cash Flow
$3,111 income − $4,647 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$4,647
Mortgage P&I
97%
$3,007
Property Taxes
12%
$379
Home Insurance
7%
$205
HOA
0%
$0
Property Management
12%
$373
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$342