This property looks like a bad Mid-Term investment with a projected -13.83% first-year return on $142k initial cash invested.
-13.83%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$2,952
Rent
-$1,641
Cashflow
Cash Flow
$2,952 income − $4,593 expenses = $1,641 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,921
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$4,593
Mortgage P&I
103%
$3,048
Property Taxes
11%
$319
Home Insurance
8%
$222
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325