This property looks like a bad Mid-Term investment with a projected -14.53% first-year return on $144k initial cash invested.
-14.53%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$2,952
Rent
-$1,743
Cashflow
Cash Flow
$2,952 income − $4,695 expenses = $1,743 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,952
Total Expenses
$4,695
Mortgage P&I
111%
$3,278
Property Taxes
7%
$203
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$325