This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $143k initial cash invested.
-9.2%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$4,677
Rent
-$1,094
Cashflow
Cash Flow
$4,677 income − $5,771 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,941
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,677
Total Expenses
$5,771
Mortgage P&I
69%
$3,236
Property Taxes
14%
$663
Home Insurance
5%
$238
HOA
1%
$45
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514