This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $144k initial cash invested.
-6.17%
Cash On Cash
5.25%
Cap Rate
0.83
DSCR
$4,700
Rent
-$740
Cashflow
Cash Flow
$4,700 income − $5,440 expenses = $740 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
$4,700
Total Expenses
$5,440
Mortgage P&I
68%
$3,178
Property Taxes
10%
$454
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517