This property looks like a bad Mid-Term investment with a projected -17.04% first-year return on $142k initial cash invested.
-17.04%
Cash On Cash
2.97%
Cap Rate
0.43
DSCR
$2,751
Rent
-$2,011
Cashflow
Cash Flow
$2,751 income − $4,762 expenses = $2,011 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,885
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,751
Total Expenses
$4,762
Mortgage P&I
122%
$3,359
Property Taxes
10%
$275
Home Insurance
7%
$192
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303