This property looks like a bad Mid-Term investment with a projected -9.23% first-year return on $142k initial cash invested.
-9.23%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$4,542
Rent
-$1,093
Cashflow
Cash Flow
$4,542 income − $5,635 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,911
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,542
Total Expenses
$5,635
Mortgage P&I
70%
$3,165
Property Taxes
12%
$560
Home Insurance
5%
$210
HOA
3%
$155
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500