This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $144k initial cash invested.
-1.59%
Cash On Cash
6.1%
Cap Rate
1.01
DSCR
$5,835
Rent
-$191
Cashflow
Cash Flow
$5,835 income − $6,026 expenses = $191 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.4%
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
$5,835
Total Expenses
$6,026
Mortgage P&I
52%
$3,009
Property Taxes
14%
$819
Home Insurance
4%
$215
HOA
0%
$0
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$642