This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $142k initial cash invested.
-11.25%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$3,530
Rent
-$1,330
Cashflow
Cash Flow
$3,530 income − $4,860 expenses = $1,330 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,530
Total Expenses
$4,860
Mortgage P&I
92%
$3,253
Property Taxes
6%
$201
Home Insurance
6%
$206
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388