This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $144k initial cash invested.
-8.32%
Cash On Cash
4.58%
Cap Rate
0.73
DSCR
$3,723
Rent
-$998
Cashflow
Cash Flow
$3,723 income − $4,721 expenses = $998 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%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,723
Total Expenses
$4,721
Mortgage P&I
84%
$3,138
Property Taxes
3%
$106
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$410