This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $144k initial cash invested.
-14.03%
Cash On Cash
3.33%
Cap Rate
0.51
DSCR
$2,778
Rent
-$1,684
Cashflow
Cash Flow
$2,778 income − $4,462 expenses = $1,684 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%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,778
Total Expenses
$4,462
Mortgage P&I
117%
$3,237
Property Taxes
1%
$29
Home Insurance
8%
$210
HOA
2%
$42
Property Management
12%
$333
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$306