This property looks like a bad Mid-Term investment with a projected -11.55% first-year return on $144k initial cash invested.
-11.55%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$4,152
Rent
-$1,388
Cashflow
Cash Flow
$4,152 income − $5,540 expenses = $1,388 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,007
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,152
Total Expenses
$5,540
Mortgage P&I
80%
$3,336
Property Taxes
14%
$575
Home Insurance
5%
$217
HOA
0%
$0
Property Management
12%
$498
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457