This property looks like a bad Mid-Term investment with a projected -16.02% first-year return on $143k initial cash invested.
-16.02%
Cash On Cash
2.54%
Cap Rate
0.41
DSCR
$2,488
Rent
-$1,908
Cashflow
Cash Flow
$2,488 income − $4,396 expenses = $1,908 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$4,396
Mortgage P&I
123%
$3,067
Property Taxes
11%
$273
Home Insurance
8%
$208
HOA
0%
$0
Property Management
12%
$299
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$274