This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $143k initial cash invested.
-11.53%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$4,202
Rent
-$1,377
Cashflow
Cash Flow
$4,202 income − $5,579 expenses = $1,377 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,969
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,202
Total Expenses
$5,579
Mortgage P&I
76%
$3,201
Property Taxes
17%
$705
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462