This property looks like a bad Mid-Term investment with a projected -10.19% first-year return on $144k initial cash invested.
-10.19%
Cash On Cash
4.47%
Cap Rate
0.68
DSCR
$4,646
Rent
-$1,221
Cashflow
Cash Flow
$4,646 income − $5,867 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,646
Total Expenses
$5,867
Mortgage P&I
70%
$3,265
Property Taxes
17%
$783
Home Insurance
5%
$210
HOA
1%
$29
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511