This property looks like a bad Mid-Term investment with a projected -12.53% first-year return on $143k initial cash invested.
-12.53%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$2,792
Rent
-$1,496
Cashflow
Cash Flow
$2,792 income − $4,288 expenses = $1,496 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,967
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$4,288
Mortgage P&I
109%
$3,048
Property Taxes
3%
$71
Home Insurance
8%
$219
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307