This property looks like a bad Mid-Term investment with a projected -15.4% first-year return on $143k initial cash invested.
-15.4%
Cash On Cash
3.31%
Cap Rate
0.49
DSCR
$2,817
Rent
-$1,835
Cashflow
Cash Flow
$2,817 income − $4,652 expenses = $1,835 out of pocket
Investment Breakdown
|
Purchase Price
$595k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$119k
Closing costs
1%
$5,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,817
Total Expenses
$4,652
Mortgage P&I
119%
$3,363
Property Taxes
4%
$122
Home Insurance
7%
$208
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$310