This property looks like a bad Mid-Term investment with a projected -9.88% first-year return on $143k initial cash invested.
-9.88%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$4,614
Rent
-$1,178
Cashflow
Cash Flow
$4,614 income − $5,792 expenses = $1,178 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,955
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,614
Total Expenses
$5,792
Mortgage P&I
71%
$3,275
Property Taxes
10%
$457
Home Insurance
5%
$210
HOA
6%
$280
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$138
Maintenance
4%
$185
Other
11%
$508