This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $144k initial cash invested.
-7.44%
Cash On Cash
4.6%
Cap Rate
0.76
DSCR
$4,186
Rent
-$893
Cashflow
Cash Flow
$4,186 income − $5,079 expenses = $893 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,186
Total Expenses
$5,079
Mortgage P&I
72%
$3,025
Property Taxes
10%
$422
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460