This property looks like a bad Mid-Term investment with a projected -9.89% first-year return on $144k initial cash invested.
-9.89%
Cash On Cash
4.21%
Cap Rate
0.67
DSCR
$3,444
Rent
-$1,183
Cashflow
Cash Flow
$3,444 income − $4,627 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,979
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,444
Total Expenses
$4,627
Mortgage P&I
91%
$3,142
Property Taxes
2%
$82
Home Insurance
6%
$222
HOA
0%
$10
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379