This property looks like a bad Mid-Term investment with a projected -19.55% first-year return on $146k initial cash invested.
-19.55%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$1,712
Rent
-$2,384
Cashflow
Cash Flow
$1,712 income − $4,096 expenses = $2,384 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,110
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,712
Total Expenses
$4,096
Mortgage P&I
182%
$3,122
Property Taxes
10%
$175
Home Insurance
13%
$219
HOA
0%
$0
Property Management
12%
$205
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$188