This property looks like a bad Mid-Term investment with a projected -16.37% first-year return on $141k initial cash invested.
-16.37%
Cash On Cash
2.96%
Cap Rate
0.44
DSCR
$2,878
Rent
-$1,922
Cashflow
Cash Flow
$2,878 income − $4,800 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$4,800
Mortgage P&I
113%
$3,252
Property Taxes
13%
$365
Home Insurance
7%
$205
HOA
0%
$0
Property Management
12%
$345
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317