This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $143k initial cash invested.
-12.4%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$3,504
Rent
-$1,482
Cashflow
Cash Flow
$3,504 income − $4,986 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$120k
Closing costs
1%
$5,975
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$4,986
Mortgage P&I
93%
$3,271
Property Taxes
9%
$306
Home Insurance
6%
$219
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385