This property looks like a bad Mid-Term investment with a projected -10.42% first-year return on $144k initial cash invested.
-10.42%
Cash On Cash
3.88%
Cap Rate
0.63
DSCR
$3,196
Rent
-$1,249
Cashflow
Cash Flow
$3,196 income − $4,445 expenses = $1,249 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$4,445
Mortgage P&I
96%
$3,059
Property Taxes
3%
$88
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$384
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$352