This property looks like a bad Mid-Term investment with a projected -13.34% first-year return on $143k initial cash invested.
-13.34%
Cash On Cash
3.82%
Cap Rate
0.57
DSCR
$3,846
Rent
-$1,592
Cashflow
Cash Flow
$3,846 income − $5,438 expenses = $1,592 out of pocket
Investment Breakdown
|
Purchase Price
$596k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,960
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$5,438
Mortgage P&I
87%
$3,337
Property Taxes
15%
$584
Home Insurance
5%
$209
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423