This property looks like a bad Mid-Term investment with a projected -12.98% first-year return on $144k initial cash invested.
-12.98%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$4,086
Rent
-$1,558
Cashflow
Cash Flow
$4,086 income − $5,644 expenses = $1,558 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
$4,086
Total Expenses
$5,644
Mortgage P&I
80%
$3,271
Property Taxes
19%
$775
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$123
Maintenance
4%
$163
Other
11%
$449