This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $144k initial cash invested.
-11.67%
Cash On Cash
4.29%
Cap Rate
0.63
DSCR
$3,735
Rent
-$1,397
Cashflow
Cash Flow
$3,735 income − $5,132 expenses = $1,397 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,982
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,735
Total Expenses
$5,132
Mortgage P&I
91%
$3,387
Property Taxes
7%
$259
Home Insurance
6%
$217
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411