This property looks like a bad Mid-Term investment with a projected -23.7% first-year return on $142k initial cash invested.
-23.7%
Cash On Cash
0.73%
Cap Rate
0.12
DSCR
$1,586
Rent
-$2,798
Cashflow
Cash Flow
$1,586 income − $4,384 expenses = $2,798 out of pocket
Investment Breakdown
|
Purchase Price
$589k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$142k
Downpayment
20%
$118k
Closing costs
1%
$5,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,586
Total Expenses
$4,384
Mortgage P&I
195%
$3,095
Property Taxes
34%
$545
Home Insurance
13%
$206
HOA
0%
$0
Property Management
12%
$190
CapEx
4%
$63
Vacancy
3%
$48
Maintenance
4%
$63
Other
11%
$174