This property looks like a bad Mid-Term investment with a projected -11.74% first-year return on $144k initial cash invested.
-11.74%
Cash On Cash
3.88%
Cap Rate
0.6
DSCR
$3,303
Rent
-$1,408
Cashflow
Cash Flow
$3,303 income − $4,711 expenses = $1,408 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,303
Total Expenses
$4,711
Mortgage P&I
97%
$3,215
Property Taxes
5%
$164
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363