This property looks like a bad Mid-Term investment with a projected -13.5% first-year return on $142k initial cash invested.
-13.5%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$4,238
Rent
-$1,601
Cashflow
Cash Flow
$4,238 income − $5,839 expenses = $1,601 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,918
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,238
Total Expenses
$5,839
Mortgage P&I
76%
$3,216
Property Taxes
16%
$662
Home Insurance
5%
$224
HOA
7%
$295
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466