This property looks like a bad Mid-Term investment with a projected -11.45% first-year return on $144k initial cash invested.
-11.45%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$3,210
Rent
-$1,370
Cashflow
Cash Flow
$3,210 income − $4,580 expenses = $1,370 out of pocket
Investment Breakdown
|
Purchase Price
$598k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,210
Total Expenses
$4,580
Mortgage P&I
95%
$3,043
Property Taxes
7%
$238
Home Insurance
7%
$209
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353