This property looks like a bad Mid-Term investment with a projected -14.97% first-year return on $144k initial cash invested.
-14.97%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$2,988
Rent
-$1,801
Cashflow
Cash Flow
$2,988 income − $4,789 expenses = $1,801 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,019
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,988
Total Expenses
$4,789
Mortgage P&I
101%
$3,020
Property Taxes
18%
$531
Home Insurance
7%
$220
HOA
0%
$0
Property Management
12%
$359
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$329