This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $143k initial cash invested.
-9.8%
Cash On Cash
4.26%
Cap Rate
0.68
DSCR
$4,110
Rent
-$1,171
Cashflow
Cash Flow
$4,110 income − $5,281 expenses = $1,171 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,970
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,110
Total Expenses
$5,281
Mortgage P&I
76%
$3,124
Property Taxes
14%
$555
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$493
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$452