This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $145k initial cash invested.
-10.11%
Cash On Cash
4.34%
Cap Rate
0.67
DSCR
$4,026
Rent
-$1,218
Cashflow
Cash Flow
$4,026 income − $5,244 expenses = $1,218 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,026
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,026
Total Expenses
$5,244
Mortgage P&I
80%
$3,236
Property Taxes
10%
$399
Home Insurance
6%
$240
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443