This property looks like a bad Mid-Term investment with a projected -14.89% first-year return on $143k initial cash invested.
-14.89%
Cash On Cash
3.07%
Cap Rate
0.48
DSCR
$2,606
Rent
-$1,774
Cashflow
Cash Flow
$2,606 income − $4,380 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$4,380
Mortgage P&I
122%
$3,190
Property Taxes
4%
$96
Home Insurance
8%
$208
HOA
0%
$0
Property Management
12%
$313
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$287