This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $144k initial cash invested.
-9.14%
Cash On Cash
4.62%
Cap Rate
0.72
DSCR
$4,580
Rent
-$1,097
Cashflow
Cash Flow
$4,580 income − $5,677 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,580
Total Expenses
$5,677
Mortgage P&I
70%
$3,223
Property Taxes
10%
$462
Home Insurance
5%
$210
HOA
5%
$225
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504