This property looks like a bad Mid-Term investment with a projected -11.76% first-year return on $144k initial cash invested.
-11.76%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$3,927
Rent
-$1,411
Cashflow
Cash Flow
$3,927 income − $5,338 expenses = $1,411 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%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,927
Total Expenses
$5,338
Mortgage P&I
84%
$3,307
Property Taxes
12%
$486
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432