This property looks like a bad Mid-Term investment with a projected -12.36% first-year return on $141k initial cash invested.
-12.36%
Cash On Cash
3.34%
Cap Rate
0.55
DSCR
$3,260
Rent
-$1,451
Cashflow
Cash Flow
$3,260 income − $4,711 expenses = $1,451 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,260
Total Expenses
$4,711
Mortgage P&I
90%
$2,949
Property Taxes
14%
$444
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$359