This property looks like a bad Mid-Term investment with a projected -13.65% first-year return on $142k initial cash invested.
-13.65%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$2,796
Rent
-$1,615
Cashflow
Cash Flow
$2,796 income − $4,411 expenses = $1,615 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,904
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$4,411
Mortgage P&I
115%
$3,229
Property Taxes
0%
$13
Home Insurance
8%
$217
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308