This property looks like a bad Mid-Term investment with a projected -11.94% first-year return on $142k initial cash invested.
-11.94%
Cash On Cash
3.49%
Cap Rate
0.57
DSCR
$3,268
Rent
-$1,408
Cashflow
Cash Flow
$3,268 income − $4,676 expenses = $1,408 out of pocket
Investment Breakdown
|
Purchase Price
$588k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,881
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,268
Total Expenses
$4,676
Mortgage P&I
91%
$2,987
Property Taxes
11%
$368
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359