This property looks like a bad Mid-Term investment with a projected -8.97% first-year return on $144k initial cash invested.
-8.97%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$4,494
Rent
-$1,075
Cashflow
Cash Flow
$4,494 income − $5,569 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,994
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,494
Total Expenses
$5,569
Mortgage P&I
71%
$3,176
Property Taxes
15%
$660
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494