This property looks like a bad Mid-Term investment with a projected -15.54% first-year return on $144k initial cash invested.
-15.54%
Cash On Cash
2.49%
Cap Rate
0.41
DSCR
$2,414
Rent
-$1,865
Cashflow
Cash Flow
$2,414 income − $4,279 expenses = $1,865 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,414
Total Expenses
$4,279
Mortgage P&I
125%
$3,014
Property Taxes
10%
$233
Home Insurance
9%
$210
HOA
0%
$0
Property Management
12%
$290
CapEx
4%
$97
Vacancy
3%
$72
Maintenance
4%
$97
Other
11%
$266