This property looks like a bad Mid-Term investment with a projected -23.96% first-year return on $144k initial cash invested.
-23.96%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$1,460
Rent
-$2,875
Cashflow
Cash Flow
$1,460 income − $4,335 expenses = $2,875 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,460
Total Expenses
$4,335
Mortgage P&I
208%
$3,042
Property Taxes
40%
$587
Home Insurance
14%
$210
HOA
0%
$0
Property Management
12%
$175
CapEx
4%
$58
Vacancy
3%
$44
Maintenance
4%
$58
Other
11%
$161