This property looks like a bad Mid-Term investment with a projected -12.07% first-year return on $143k initial cash invested.
-12.07%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$3,812
Rent
-$1,438
Cashflow
Cash Flow
$3,812 income − $5,250 expenses = $1,438 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,949
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$5,250
Mortgage P&I
84%
$3,213
Property Taxes
14%
$547
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419