This property looks like a bad Mid-Term investment with a projected -16.14% first-year return on $148k initial cash invested.
-16.14%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$2,916
Rent
-$1,988
Cashflow
Cash Flow
$2,916 income − $4,904 expenses = $1,988 out of pocket
Investment Breakdown
|
Purchase Price
$618k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,180
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$4,904
Mortgage P&I
115%
$3,358
Property Taxes
11%
$335
Home Insurance
8%
$219
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$87
Maintenance
4%
$117
Other
11%
$321