This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $144k initial cash invested.
-10.45%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$4,437
Rent
-$1,255
Cashflow
Cash Flow
$4,437 income − $5,692 expenses = $1,255 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%
$6,004
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,437
Total Expenses
$5,692
Mortgage P&I
73%
$3,260
Property Taxes
16%
$717
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488