This property looks like a bad Mid-Term investment with a projected -18.61% first-year return on $141k initial cash invested.
-18.61%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$2,997
Rent
-$2,190
Cashflow
Cash Flow
$2,997 income − $5,187 expenses = $2,190 out of pocket
Investment Breakdown
|
Purchase Price
$587k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,868
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$5,187
Mortgage P&I
107%
$3,205
Property Taxes
26%
$770
Home Insurance
6%
$192
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330