This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $144k initial cash invested.
-9.61%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$4,296
Rent
-$1,152
Cashflow
Cash Flow
$4,296 income − $5,448 expenses = $1,152 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
$4,296
Total Expenses
$5,448
Mortgage P&I
76%
$3,266
Property Taxes
12%
$510
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473