This property looks like a bad Mid-Term investment with a projected -10.92% first-year return on $144k initial cash invested.
-10.92%
Cash On Cash
4.62%
Cap Rate
0.67
DSCR
$4,362
Rent
-$1,310
Cashflow
Cash Flow
$4,362 income − $5,672 expenses = $1,310 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.8%
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
$4,362
Total Expenses
$5,672
Mortgage P&I
79%
$3,447
Property Taxes
12%
$533
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$480