This property looks like a bad Mid-Term investment with a projected -15.13% first-year return on $144k initial cash invested.
-15.13%
Cash On Cash
2.89%
Cap Rate
0.46
DSCR
$2,568
Rent
-$1,813
Cashflow
Cash Flow
$2,568 income − $4,381 expenses = $1,813 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,568
Total Expenses
$4,381
Mortgage P&I
123%
$3,151
Property Taxes
6%
$147
Home Insurance
8%
$210
HOA
0%
$0
Property Management
12%
$308
CapEx
4%
$103
Vacancy
3%
$77
Maintenance
4%
$103
Other
11%
$282