This property looks like a bad Mid-Term investment with a projected -11.59% first-year return on $142k initial cash invested.
-11.59%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$4,923
Rent
-$1,373
Cashflow
Cash Flow
$4,923 income − $6,296 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,913
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,923
Total Expenses
$6,296
Mortgage P&I
66%
$3,237
Property Taxes
23%
$1,128
Home Insurance
4%
$207
HOA
1%
$49
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542