This property looks like a bad Mid-Term investment with a projected -11.85% first-year return on $142k initial cash invested.
-11.85%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$3,147
Rent
-$1,401
Cashflow
Cash Flow
$3,147 income − $4,548 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,147
Total Expenses
$4,548
Mortgage P&I
96%
$3,007
Property Taxes
8%
$265
Home Insurance
7%
$206
HOA
0%
$0
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346