This property looks like a bad Mid-Term investment with a projected -12.84% first-year return on $142k initial cash invested.
-12.84%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$4,320
Rent
-$1,517
Cashflow
Cash Flow
$4,320 income − $5,837 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,893
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,320
Total Expenses
$5,837
Mortgage P&I
75%
$3,251
Property Taxes
20%
$882
Home Insurance
5%
$210
HOA
1%
$25
Property Management
12%
$518
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$475