This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $144k initial cash invested.
-11.86%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$2,798
Rent
-$1,421
Cashflow
Cash Flow
$2,798 income − $4,219 expenses = $1,421 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,798
Total Expenses
$4,219
Mortgage P&I
107%
$2,997
Property Taxes
2%
$60
Home Insurance
8%
$210
HOA
0%
$0
Property Management
12%
$336
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$308