This property looks like a bad Mid-Term investment with a projected -16.64% first-year return on $144k initial cash invested.
-16.64%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$3,741
Rent
-$1,992
Cashflow
Cash Flow
$3,741 income − $5,733 expenses = $1,992 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,985
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$5,733
Mortgage P&I
86%
$3,200
Property Taxes
24%
$880
Home Insurance
6%
$215
HOA
4%
$165
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$412