This property looks like a bad Mid-Term investment with a projected -16.7% first-year return on $144k initial cash invested.
-16.7%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$4,056
Rent
-$2,004
Cashflow
Cash Flow
$4,056 income − $6,060 expenses = $2,004 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%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,056
Total Expenses
$6,060
Mortgage P&I
80%
$3,246
Property Taxes
19%
$790
Home Insurance
5%
$210
HOA
11%
$435
Property Management
12%
$487
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446