This property looks like a bad Mid-Term investment with a projected -11.74% first-year return on $143k initial cash invested.
-11.74%
Cash On Cash
3.82%
Cap Rate
0.6
DSCR
$3,284
Rent
-$1,398
Cashflow
Cash Flow
$3,284 income − $4,682 expenses = $1,398 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$4,682
Mortgage P&I
96%
$3,161
Property Taxes
6%
$190
Home Insurance
7%
$215
HOA
0%
$0
Property Management
12%
$394
CapEx
4%
$131
Vacancy
3%
$99
Maintenance
4%
$131
Other
11%
$361