This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $144k initial cash invested.
-11.11%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$4,766
Rent
-$1,333
Cashflow
Cash Flow
$4,766 income − $6,099 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,002
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,766
Total Expenses
$6,099
Mortgage P&I
69%
$3,284
Property Taxes
17%
$820
Home Insurance
5%
$215
HOA
3%
$159
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524