This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $144k initial cash invested.
-8.19%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$4,714
Rent
-$983
Cashflow
Cash Flow
$4,714 income − $5,697 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,714
Total Expenses
$5,697
Mortgage P&I
68%
$3,226
Property Taxes
12%
$585
Home Insurance
4%
$210
HOA
2%
$72
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519