This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $143k initial cash invested.
-13.13%
Cash On Cash
3.31%
Cap Rate
0.53
DSCR
$3,402
Rent
-$1,564
Cashflow
Cash Flow
$3,402 income − $4,966 expenses = $1,564 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,402
Total Expenses
$4,966
Mortgage P&I
90%
$3,067
Property Taxes
14%
$491
Home Insurance
7%
$252
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374