This property looks like a bad Mid-Term investment with a projected -13.6% first-year return on $144k initial cash invested.
-13.6%
Cash On Cash
3.32%
Cap Rate
0.53
DSCR
$3,753
Rent
-$1,630
Cashflow
Cash Flow
$3,753 income − $5,383 expenses = $1,630 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,753
Total Expenses
$5,383
Mortgage P&I
84%
$3,137
Property Taxes
20%
$760
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413