This property looks like a bad Mid-Term investment with a projected -15.27% first-year return on $143k initial cash invested.
-15.27%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$2,793
Rent
-$1,815
Cashflow
Cash Flow
$2,793 income − $4,608 expenses = $1,815 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,934
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,793
Total Expenses
$4,608
Mortgage P&I
113%
$3,149
Property Taxes
11%
$299
Home Insurance
8%
$210
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307