This property looks like a bad Mid-Term investment with a projected -12.1% first-year return on $142k initial cash invested.
-12.1%
Cash On Cash
3.79%
Cap Rate
0.59
DSCR
$4,002
Rent
-$1,432
Cashflow
Cash Flow
$4,002 income − $5,434 expenses = $1,432 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%
$5,907
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,002
Total Expenses
$5,434
Mortgage P&I
78%
$3,140
Property Taxes
12%
$465
Home Insurance
5%
$208
HOA
7%
$261
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440