This property looks like a bad Mid-Term investment with a projected -16.63% first-year return on $147k initial cash invested.
-16.63%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,403
Rent
-$2,034
Cashflow
Cash Flow
$2,403 income − $4,437 expenses = $2,034 out of pocket
Investment Breakdown
|
Purchase Price
$613k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,133
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,403
Total Expenses
$4,437
Mortgage P&I
131%
$3,155
Property Taxes
10%
$240
Home Insurance
9%
$226
HOA
0%
$0
Property Management
12%
$288
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$264