This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $144k initial cash invested.
-12.04%
Cash On Cash
3.44%
Cap Rate
0.57
DSCR
$3,267
Rent
-$1,443
Cashflow
Cash Flow
$3,267 income − $4,710 expenses = $1,443 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,267
Total Expenses
$4,710
Mortgage P&I
93%
$3,028
Property Taxes
11%
$361
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359