This property looks like a bad Mid-Term investment with a projected -6.47% first-year return on $144k initial cash invested.
-6.47%
Cash On Cash
5.59%
Cap Rate
0.83
DSCR
$5,002
Rent
-$776
Cashflow
Cash Flow
$5,002 income − $5,778 expenses = $776 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,002
Total Expenses
$5,778
Mortgage P&I
67%
$3,373
Property Taxes
10%
$495
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550