This property looks like a bad Mid-Term investment with a projected -17.03% first-year return on $149k initial cash invested.
-17.03%
Cash On Cash
2.45%
Cap Rate
0.39
DSCR
$2,776
Rent
-$2,112
Cashflow
Cash Flow
$2,776 income − $4,888 expenses = $2,112 out of pocket
Investment Breakdown
|
Purchase Price
$623k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,228
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,776
Total Expenses
$4,888
Mortgage P&I
118%
$3,273
Property Taxes
16%
$444
Home Insurance
8%
$228
HOA
0%
$0
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$305