This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $144k initial cash invested.
-7.68%
Cash On Cash
4.55%
Cap Rate
0.75
DSCR
$3,693
Rent
-$922
Cashflow
Cash Flow
$3,693 income − $4,615 expenses = $922 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,693
Total Expenses
$4,615
Mortgage P&I
83%
$3,050
Property Taxes
1%
$48
Home Insurance
6%
$210
HOA
1%
$51
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406