This property looks like a bad Mid-Term investment with a projected -19.04% first-year return on $147k initial cash invested.
-19.04%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$2,446
Rent
-$2,338
Cashflow
Cash Flow
$2,446 income − $4,784 expenses = $2,338 out of pocket
Investment Breakdown
|
Purchase Price
$616k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,446
Total Expenses
$4,784
Mortgage P&I
129%
$3,144
Property Taxes
24%
$580
Home Insurance
9%
$228
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269