This property looks like a bad Mid-Term investment with a projected -18.59% first-year return on $146k initial cash invested.
-18.59%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$2,324
Rent
-$2,262
Cashflow
Cash Flow
$2,324 income − $4,586 expenses = $2,262 out of pocket
Investment Breakdown
|
Purchase Price
$610k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,097
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,324
Total Expenses
$4,586
Mortgage P&I
142%
$3,310
Property Taxes
11%
$261
Home Insurance
10%
$224
HOA
0%
$0
Property Management
12%
$279
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256