This property looks like a bad Mid-Term investment with a projected -10.69% first-year return on $142k initial cash invested.
-10.69%
Cash On Cash
4.04%
Cap Rate
0.64
DSCR
$3,436
Rent
-$1,264
Cashflow
Cash Flow
$3,436 income − $4,700 expenses = $1,264 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,901
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,436
Total Expenses
$4,700
Mortgage P&I
91%
$3,116
Property Taxes
6%
$207
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378