This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $144k initial cash invested.
-8.99%
Cash On Cash
4.24%
Cap Rate
0.7
DSCR
$4,014
Rent
-$1,078
Cashflow
Cash Flow
$4,014 income − $5,092 expenses = $1,078 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,998
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$5,092
Mortgage P&I
76%
$3,036
Property Taxes
10%
$417
Home Insurance
5%
$210
HOA
2%
$63
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442