This property looks like a bad Mid-Term investment with a projected -14.77% first-year return on $143k initial cash invested.
-14.77%
Cash On Cash
2.85%
Cap Rate
0.46
DSCR
$2,814
Rent
-$1,754
Cashflow
Cash Flow
$2,814 income − $4,568 expenses = $1,754 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,931
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$4,568
Mortgage P&I
108%
$3,049
Property Taxes
11%
$300
Home Insurance
8%
$219
HOA
1%
$42
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310