This property looks like a bad Mid-Term investment with a projected -10.92% first-year return on $144k initial cash invested.
-10.92%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$4,815
Rent
-$1,308
Cashflow
Cash Flow
$4,815 income − $6,123 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$6,123
Mortgage P&I
67%
$3,236
Property Taxes
12%
$589
Home Insurance
4%
$210
HOA
9%
$450
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530