This property looks like a bad Mid-Term investment with a projected -20.62% first-year return on $145k initial cash invested.
-20.62%
Cash On Cash
1.7%
Cap Rate
0.26
DSCR
$2,424
Rent
-$2,493
Cashflow
Cash Flow
$2,424 income − $4,917 expenses = $2,493 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,050
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,424
Total Expenses
$4,917
Mortgage P&I
134%
$3,254
Property Taxes
14%
$345
Home Insurance
9%
$217
HOA
11%
$276
Property Management
12%
$291
CapEx
4%
$97
Vacancy
3%
$73
Maintenance
4%
$97
Other
11%
$267