This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $142k initial cash invested.
-11.37%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$4,364
Rent
-$1,349
Cashflow
Cash Flow
$4,364 income − $5,713 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$592k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,922
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,364
Total Expenses
$5,713
Mortgage P&I
75%
$3,266
Property Taxes
15%
$664
Home Insurance
5%
$215
HOA
2%
$83
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$480