This property looks like a bad Mid-Term investment with a projected -13.31% first-year return on $141k initial cash invested.
-13.31%
Cash On Cash
3.21%
Cap Rate
0.52
DSCR
$2,534
Rent
-$1,562
Cashflow
Cash Flow
$2,534 income − $4,096 expenses = $1,562 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$141k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,534
Total Expenses
$4,096
Mortgage P&I
119%
$3,028
Property Taxes
0%
$2
Home Insurance
8%
$205
HOA
0%
$0
Property Management
12%
$304
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$279