This property looks like a bad Mid-Term investment with a projected -13.11% first-year return on $144k initial cash invested.
-13.11%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$3,434
Rent
-$1,578
Cashflow
Cash Flow
$3,434 income − $5,012 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,021
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,434
Total Expenses
$5,012
Mortgage P&I
95%
$3,279
Property Taxes
10%
$351
Home Insurance
6%
$215
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378