This property looks like a bad Mid-Term investment with a projected -8.78% first-year return on $144k initial cash invested.
-8.78%
Cash On Cash
4.39%
Cap Rate
0.71
DSCR
$4,136
Rent
-$1,054
Cashflow
Cash Flow
$4,136 income − $5,190 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,136
Total Expenses
$5,190
Mortgage P&I
75%
$3,083
Property Taxes
12%
$492
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$455