This property looks like a bad Mid-Term investment with a projected -9.39% first-year return on $143k initial cash invested.
-9.39%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$4,377
Rent
-$1,119
Cashflow
Cash Flow
$4,377 income − $5,496 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,377
Total Expenses
$5,496
Mortgage P&I
74%
$3,241
Property Taxes
13%
$560
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481