This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $144k initial cash invested.
-8.15%
Cash On Cash
4.72%
Cap Rate
0.75
DSCR
$5,202
Rent
-$978
Cashflow
Cash Flow
$5,202 income − $6,180 expenses = $978 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.8%
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
$5,202
Total Expenses
$6,180
Mortgage P&I
60%
$3,128
Property Taxes
21%
$1,074
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$624
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$572