This property looks like a bad Mid-Term investment with a projected -10.8% first-year return on $144k initial cash invested.
-10.8%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$4,462
Rent
-$1,295
Cashflow
Cash Flow
$4,462 income − $5,757 expenses = $1,295 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,462
Total Expenses
$5,757
Mortgage P&I
73%
$3,271
Property Taxes
17%
$760
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491