This property looks like a bad Mid-Term investment with a projected -10.46% first-year return on $142k initial cash invested.
-10.46%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$3,980
Rent
-$1,238
Cashflow
Cash Flow
$3,980 income − $5,218 expenses = $1,238 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,909
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,980
Total Expenses
$5,218
Mortgage P&I
79%
$3,151
Property Taxes
13%
$504
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438