This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $144k initial cash invested.
-7.3%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$4,686
Rent
-$876
Cashflow
Cash Flow
$4,686 income − $5,562 expenses = $876 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
$4,686
Total Expenses
$5,562
Mortgage P&I
68%
$3,198
Property Taxes
12%
$562
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$141
Maintenance
4%
$187
Other
11%
$515