This property looks like a bad Mid-Term investment with a projected -13.26% first-year return on $144k initial cash invested.
-13.26%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$3,042
Rent
-$1,591
Cashflow
Cash Flow
$3,042 income − $4,633 expenses = $1,591 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,042
Total Expenses
$4,633
Mortgage P&I
107%
$3,263
Property Taxes
4%
$125
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335