This property looks like a bad Mid-Term investment with a projected -20.9% first-year return on $142k initial cash invested.
-20.9%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$1,882
Rent
-$2,471
Cashflow
Cash Flow
$1,882 income − $4,353 expenses = $2,471 out of pocket
Investment Breakdown
|
Purchase Price
$590k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,899
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,882
Total Expenses
$4,353
Mortgage P&I
170%
$3,204
Property Taxes
16%
$304
Home Insurance
11%
$206
HOA
0%
$0
Property Management
12%
$226
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$207