This property looks like a bad Mid-Term investment with a projected -23.58% first-year return on $144k initial cash invested.
-23.58%
Cash On Cash
0.8%
Cap Rate
0.13
DSCR
$1,347
Rent
-$2,830
Cashflow
Cash Flow
$1,347 income − $4,177 expenses = $2,830 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
$1,347
Total Expenses
$4,177
Mortgage P&I
236%
$3,176
Property Taxes
25%
$333
Home Insurance
16%
$210
HOA
0%
$0
Property Management
12%
$162
CapEx
4%
$54
Vacancy
3%
$40
Maintenance
4%
$54
Other
11%
$148