This property looks like a bad Mid-Term investment with a projected -12.68% first-year return on $144k initial cash invested.
-12.68%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$3,015
Rent
-$1,520
Cashflow
Cash Flow
$3,015 income − $4,535 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,995
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,015
Total Expenses
$4,535
Mortgage P&I
102%
$3,084
Property Taxes
7%
$215
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332