This property looks like a bad Mid-Term investment with a projected -19.47% first-year return on $148k initial cash invested.
-19.47%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$1,995
Rent
-$2,404
Cashflow
Cash Flow
$1,995 income − $4,399 expenses = $2,404 out of pocket
Investment Breakdown
|
Purchase Price
$620k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$124k
Closing costs
1%
$6,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,995
Total Expenses
$4,399
Mortgage P&I
167%
$3,338
Property Taxes
8%
$156
Home Insurance
11%
$227
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219