This property looks like a bad Mid-Term investment with a projected -12.72% first-year return on $142k initial cash invested.
-12.72%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$3,897
Rent
-$1,505
Cashflow
Cash Flow
$3,897 income − $5,402 expenses = $1,505 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%
$5,903
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,897
Total Expenses
$5,402
Mortgage P&I
84%
$3,255
Property Taxes
16%
$611
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429