This property looks like a bad Mid-Term investment with a projected -16.94% first-year return on $142k initial cash invested.
-16.94%
Cash On Cash
2.94%
Cap Rate
0.44
DSCR
$3,328
Rent
-$2,008
Cashflow
Cash Flow
$3,328 income − $5,336 expenses = $2,008 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,915
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,328
Total Expenses
$5,336
Mortgage P&I
100%
$3,326
Property Taxes
20%
$679
Home Insurance
6%
$200
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366