This property looks like a bad Mid-Term investment with a projected -21.54% first-year return on $143k initial cash invested.
-21.54%
Cash On Cash
1.17%
Cap Rate
0.19
DSCR
$1,674
Rent
-$2,559
Cashflow
Cash Flow
$1,674 income − $4,233 expenses = $2,559 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,932
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,674
Total Expenses
$4,233
Mortgage P&I
183%
$3,070
Property Taxes
15%
$244
Home Insurance
13%
$210
HOA
8%
$140
Property Management
12%
$201
CapEx
4%
$67
Vacancy
3%
$50
Maintenance
4%
$67
Other
11%
$184