This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $144k initial cash invested.
-11.93%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$3,434
Rent
-$1,432
Cashflow
Cash Flow
$3,434 income − $4,866 expenses = $1,432 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%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,434
Total Expenses
$4,866
Mortgage P&I
96%
$3,280
Property Taxes
5%
$184
Home Insurance
6%
$210
HOA
1%
$25
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378