This property looks like a bad Mid-Term investment with a projected -9.4% first-year return on $144k initial cash invested.
-9.4%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$3,772
Rent
-$1,128
Cashflow
Cash Flow
$3,772 income − $4,900 expenses = $1,128 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
$3,772
Total Expenses
$4,900
Mortgage P&I
87%
$3,263
Property Taxes
4%
$144
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415