This property looks like a bad Mid-Term investment with a projected -9.88% first-year return on $144k initial cash invested.
-9.88%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$4,346
Rent
-$1,184
Cashflow
Cash Flow
$4,346 income − $5,530 expenses = $1,184 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
$4,346
Total Expenses
$5,530
Mortgage P&I
75%
$3,265
Property Taxes
13%
$564
Home Insurance
5%
$210
HOA
0%
$13
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478