This property looks like a bad Mid-Term investment with a projected -12.86% first-year return on $141k initial cash invested.
-12.86%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$3,166
Rent
-$1,513
Cashflow
Cash Flow
$3,166 income − $4,679 expenses = $1,513 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,867
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,166
Total Expenses
$4,679
Mortgage P&I
100%
$3,170
Property Taxes
7%
$222
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$380
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$348