This property looks like a bad Mid-Term investment with a projected -17.18% first-year return on $141k initial cash invested.
-17.18%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$3,423
Rent
-$2,017
Cashflow
Cash Flow
$3,423 income − $5,440 expenses = $2,017 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,423
Total Expenses
$5,440
Mortgage P&I
93%
$3,189
Property Taxes
26%
$881
Home Insurance
6%
$205
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377