This property looks like a bad Mid-Term investment with a projected -11.89% first-year return on $145k initial cash invested.
-11.89%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$3,994
Rent
-$1,432
Cashflow
Cash Flow
$3,994 income − $5,426 expenses = $1,432 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$120k
Closing costs
1%
$6,024
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,994
Total Expenses
$5,426
Mortgage P&I
81%
$3,238
Property Taxes
15%
$613
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439