This property looks like a bad Mid-Term investment with a projected -8.73% first-year return on $144k initial cash invested.
-8.73%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$4,052
Rent
-$1,048
Cashflow
Cash Flow
$4,052 income − $5,100 expenses = $1,048 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,052
Total Expenses
$5,100
Mortgage P&I
82%
$3,309
Property Taxes
3%
$128
Home Insurance
5%
$210
HOA
2%
$75
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446