This property looks like a bad Mid-Term investment with a projected -15.67% first-year return on $144k initial cash invested.
-15.67%
Cash On Cash
2.86%
Cap Rate
0.45
DSCR
$2,868
Rent
-$1,880
Cashflow
Cash Flow
$2,868 income − $4,748 expenses = $1,880 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%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$4,748
Mortgage P&I
111%
$3,196
Property Taxes
13%
$367
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315