This property looks like a bad Mid-Term investment with a projected -17.83% first-year return on $147k initial cash invested.
-17.83%
Cash On Cash
2.77%
Cap Rate
0.41
DSCR
$2,948
Rent
-$2,179
Cashflow
Cash Flow
$2,948 income − $5,127 expenses = $2,179 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,125
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,948
Total Expenses
$5,127
Mortgage P&I
118%
$3,476
Property Taxes
14%
$422
Home Insurance
8%
$227
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324