This property looks like a bad Mid-Term investment with a projected -10.46% first-year return on $144k initial cash invested.
-10.46%
Cash On Cash
4.33%
Cap Rate
0.66
DSCR
$3,867
Rent
-$1,255
Cashflow
Cash Flow
$3,867 income − $5,122 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,867
Total Expenses
$5,122
Mortgage P&I
84%
$3,264
Property Taxes
9%
$333
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$464
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$425