This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $144k initial cash invested.
-8.49%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$4,101
Rent
-$1,019
Cashflow
Cash Flow
$4,101 income − $5,120 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,101
Total Expenses
$5,120
Mortgage P&I
74%
$3,045
Property Taxes
11%
$471
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451