This property looks like a bad Mid-Term investment with a projected -9.21% first-year return on $143k initial cash invested.
-9.21%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$4,164
Rent
-$1,097
Cashflow
Cash Flow
$4,164 income − $5,261 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,164
Total Expenses
$5,261
Mortgage P&I
75%
$3,127
Property Taxes
12%
$509
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458