This property looks like a bad Mid-Term investment with a projected -9.92% first-year return on $144k initial cash invested.
-9.92%
Cash On Cash
4.38%
Cap Rate
0.68
DSCR
$4,492
Rent
-$1,189
Cashflow
Cash Flow
$4,492 income − $5,681 expenses = $1,189 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%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,492
Total Expenses
$5,681
Mortgage P&I
71%
$3,195
Property Taxes
17%
$748
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494