This property looks like a bad Mid-Term investment with a projected -18.89% first-year return on $144k initial cash invested.
-18.89%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$2,660
Rent
-$2,264
Cashflow
Cash Flow
$2,660 income − $4,924 expenses = $2,264 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,660
Total Expenses
$4,924
Mortgage P&I
122%
$3,246
Property Taxes
21%
$564
Home Insurance
8%
$210
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293