This property looks like a bad Mid-Term investment with a projected -2.65% first-year return on $144k initial cash invested.
-2.65%
Cash On Cash
6.26%
Cap Rate
0.97
DSCR
$5,391
Rent
-$318
Cashflow
Cash Flow
$5,391 income − $5,709 expenses = $318 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,003
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,391
Total Expenses
$5,709
Mortgage P&I
60%
$3,235
Property Taxes
8%
$451
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593