This property looks like a bad Mid-Term investment with a projected -11.85% first-year return on $142k initial cash invested.
-11.85%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$3,876
Rent
-$1,401
Cashflow
Cash Flow
$3,876 income − $5,277 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,876
Total Expenses
$5,277
Mortgage P&I
82%
$3,179
Property Taxes
15%
$575
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426