This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $144k initial cash invested.
-7.87%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$4,632
Rent
-$944
Cashflow
Cash Flow
$4,632 income − $5,576 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,632
Total Expenses
$5,576
Mortgage P&I
69%
$3,209
Property Taxes
13%
$582
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510