This property looks like a bad Mid-Term investment with a projected -15.34% first-year return on $144k initial cash invested.
-15.34%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$2,643
Rent
-$1,841
Cashflow
Cash Flow
$2,643 income − $4,484 expenses = $1,841 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,643
Total Expenses
$4,484
Mortgage P&I
120%
$3,176
Property Taxes
8%
$199
Home Insurance
8%
$210
HOA
0%
$0
Property Management
12%
$317
CapEx
4%
$106
Vacancy
3%
$79
Maintenance
4%
$106
Other
11%
$291