This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $144k initial cash invested.
-10.75%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$4,540
Rent
-$1,288
Cashflow
Cash Flow
$4,540 income − $5,828 expenses = $1,288 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,540
Total Expenses
$5,828
Mortgage P&I
71%
$3,218
Property Taxes
19%
$856
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499