This property looks like a bad Mid-Term investment with a projected -8.07% first-year return on $144k initial cash invested.
-8.07%
Cash On Cash
4.35%
Cap Rate
0.73
DSCR
$3,788
Rent
-$971
Cashflow
Cash Flow
$3,788 income − $4,759 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$602k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,022
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$4,759
Mortgage P&I
79%
$3,004
Property Taxes
1%
$39
Home Insurance
6%
$211
HOA
6%
$215
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417