This property looks like a bad Mid-Term investment with a projected -14.35% first-year return on $141k initial cash invested.
-14.35%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$2,722
Rent
-$1,681
Cashflow
Cash Flow
$2,722 income − $4,403 expenses = $1,681 out of pocket
Investment Breakdown
|
Purchase Price
$584k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,835
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$4,403
Mortgage P&I
109%
$2,956
Property Taxes
11%
$312
Home Insurance
8%
$209
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299