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
2.66%
Cap Rate
0.43
DSCR
$2,823
Rent
-$1,882
Cashflow
Cash Flow
$2,823 income − $4,705 expenses = $1,882 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,005
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$4,705
Mortgage P&I
110%
$3,102
Property Taxes
13%
$366
Home Insurance
9%
$247
HOA
1%
$29
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311