This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $144k initial cash invested.
-8.84%
Cash On Cash
4.91%
Cap Rate
0.73
DSCR
$4,090
Rent
-$1,062
Cashflow
Cash Flow
$4,090 income − $5,152 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,004
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,090
Total Expenses
$5,152
Mortgage P&I
82%
$3,353
Property Taxes
5%
$190
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450