This property looks like a bad Mid-Term investment with a projected -10.13% first-year return on $142k initial cash invested.
-10.13%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$4,334
Rent
-$1,195
Cashflow
Cash Flow
$4,334 income − $5,529 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,885
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,334
Total Expenses
$5,529
Mortgage P&I
74%
$3,212
Property Taxes
14%
$604
Home Insurance
5%
$208
HOA
1%
$32
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477