This property looks like a bad Mid-Term investment with a projected -13.49% first-year return on $144k initial cash invested.
-13.49%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$3,104
Rent
-$1,614
Cashflow
Cash Flow
$3,104 income − $4,718 expenses = $1,614 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,981
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,104
Total Expenses
$4,718
Mortgage P&I
100%
$3,095
Property Taxes
11%
$352
Home Insurance
7%
$217
HOA
0%
$0
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341