This property looks like a bad Mid-Term investment with a projected -13.72% first-year return on $144k initial cash invested.
-13.72%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$3,538
Rent
-$1,644
Cashflow
Cash Flow
$3,538 income − $5,182 expenses = $1,644 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,538
Total Expenses
$5,182
Mortgage P&I
90%
$3,194
Property Taxes
16%
$574
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$389