This property looks like a bad Mid-Term investment with a projected -14.47% first-year return on $144k initial cash invested.
-14.47%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$2,835
Rent
-$1,740
Cashflow
Cash Flow
$2,835 income − $4,575 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,014
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,835
Total Expenses
$4,575
Mortgage P&I
113%
$3,213
Property Taxes
6%
$180
Home Insurance
8%
$219
HOA
0%
$0
Property Management
12%
$340
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$312