This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $142k initial cash invested.
-11.61%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$4,956
Rent
-$1,372
Cashflow
Cash Flow
$4,956 income − $6,328 expenses = $1,372 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,895
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,956
Total Expenses
$6,328
Mortgage P&I
66%
$3,249
Property Taxes
14%
$673
Home Insurance
4%
$210
HOA
10%
$511
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545