This property looks like a bad Mid-Term investment with a projected -10.19% first-year return on $142k initial cash invested.
-10.19%
Cash On Cash
4.32%
Cap Rate
0.67
DSCR
$4,095
Rent
-$1,205
Cashflow
Cash Flow
$4,095 income − $5,300 expenses = $1,205 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,898
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,095
Total Expenses
$5,300
Mortgage P&I
77%
$3,162
Property Taxes
13%
$538
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450