This property looks like a bad Mid-Term investment with a projected -5.73% first-year return on $144k initial cash invested.
-5.73%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$4,990
Rent
-$687
Cashflow
Cash Flow
$4,990 income − $5,677 expenses = $687 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,990
Total Expenses
$5,677
Mortgage P&I
61%
$3,056
Property Taxes
14%
$713
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549