This property looks like a bad Mid-Term investment with a projected -11.79% first-year return on $144k initial cash invested.
-11.79%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$3,800
Rent
-$1,418
Cashflow
Cash Flow
$3,800 income − $5,218 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,013
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,800
Total Expenses
$5,218
Mortgage P&I
86%
$3,286
Property Taxes
11%
$404
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418