This property looks like a bad Mid-Term investment with a projected -10.62% first-year return on $143k initial cash invested.
-10.62%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$4,270
Rent
-$1,266
Cashflow
Cash Flow
$4,270 income − $5,536 expenses = $1,266 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,956
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,270
Total Expenses
$5,536
Mortgage P&I
77%
$3,272
Property Taxes
14%
$598
Home Insurance
5%
$214
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470