This property looks like a bad Mid-Term investment with a projected -12.01% first-year return on $143k initial cash invested.
-12.01%
Cash On Cash
3.87%
Cap Rate
0.6
DSCR
$4,206
Rent
-$1,427
Cashflow
Cash Flow
$4,206 income − $5,633 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,932
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,206
Total Expenses
$5,633
Mortgage P&I
75%
$3,171
Property Taxes
18%
$752
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463