This property looks like a bad Mid-Term investment with a projected -9.81% first-year return on $143k initial cash invested.
-9.81%
Cash On Cash
4.54%
Cap Rate
0.69
DSCR
$4,154
Rent
-$1,173
Cashflow
Cash Flow
$4,154 income − $5,327 expenses = $1,173 out of pocket
Investment Breakdown
|
Purchase Price
$597k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,974
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,154
Total Expenses
$5,327
Mortgage P&I
79%
$3,266
Property Taxes
10%
$423
Home Insurance
5%
$219
HOA
0%
$7
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457