This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $143k initial cash invested.
-11.11%
Cash On Cash
3.94%
Cap Rate
0.63
DSCR
$4,472
Rent
-$1,320
Cashflow
Cash Flow
$4,472 income − $5,792 expenses = $1,320 out of pocket
Investment Breakdown
|
Purchase Price
$594k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,935
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,472
Total Expenses
$5,792
Mortgage P&I
69%
$3,092
Property Taxes
16%
$707
Home Insurance
4%
$196
HOA
6%
$276
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492