This property looks like a bad Mid-Term investment with a projected -11.18% first-year return on $144k initial cash invested.
-11.18%
Cash On Cash
4.11%
Cap Rate
0.63
DSCR
$3,452
Rent
-$1,342
Cashflow
Cash Flow
$3,452 income − $4,794 expenses = $1,342 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%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,452
Total Expenses
$4,794
Mortgage P&I
94%
$3,257
Property Taxes
4%
$153
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380