This property looks like a bad Mid-Term investment with a projected -13.95% first-year return on $144k initial cash invested.
-13.95%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$3,243
Rent
-$1,679
Cashflow
Cash Flow
$3,243 income − $4,922 expenses = $1,679 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,020
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$4,922
Mortgage P&I
100%
$3,251
Property Taxes
10%
$332
Home Insurance
7%
$236
HOA
0%
$0
Property Management
12%
$389
CapEx
4%
$130
Vacancy
3%
$97
Maintenance
4%
$130
Other
11%
$357