This property looks like a bad Mid-Term investment with a projected -12.24% first-year return on $141k initial cash invested.
-12.24%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$3,478
Rent
-$1,437
Cashflow
Cash Flow
$3,478 income − $4,915 expenses = $1,437 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,854
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$4,915
Mortgage P&I
91%
$3,166
Property Taxes
10%
$357
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383