This property looks like a bad Mid-Term investment with a projected -9.41% first-year return on $142k initial cash invested.
-9.41%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$4,826
Rent
-$1,113
Cashflow
Cash Flow
$4,826 income − $5,939 expenses = $1,113 out of pocket
Investment Breakdown
|
Purchase Price
$591k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,905
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,826
Total Expenses
$5,939
Mortgage P&I
67%
$3,219
Property Taxes
18%
$872
Home Insurance
4%
$207
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$531