This property looks like a bad Mid-Term investment with a projected -14.19% first-year return on $144k initial cash invested.
-14.19%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$3,488
Rent
-$1,700
Cashflow
Cash Flow
$3,488 income − $5,188 expenses = $1,700 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,488
Total Expenses
$5,188
Mortgage P&I
93%
$3,247
Property Taxes
16%
$543
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384