This property looks like a bad Mid-Term investment with a projected -9.09% first-year return on $145k initial cash invested.
-9.09%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$4,731
Rent
-$1,096
Cashflow
Cash Flow
$4,731 income − $5,827 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$603k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,029
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,731
Total Expenses
$5,827
Mortgage P&I
70%
$3,295
Property Taxes
14%
$654
Home Insurance
5%
$214
HOA
1%
$56
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520