This property looks like a bad Mid-Term investment with a projected -10.14% first-year return on $142k initial cash invested.
-10.14%
Cash On Cash
4.23%
Cap Rate
0.67
DSCR
$4,380
Rent
-$1,197
Cashflow
Cash Flow
$4,380 income − $5,577 expenses = $1,197 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,380
Total Expenses
$5,577
Mortgage P&I
71%
$3,099
Property Taxes
17%
$741
Home Insurance
5%
$206
HOA
1%
$42
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482