This property looks like a bad Mid-Term investment with a projected -6.85% first-year return on $144k initial cash invested.
-6.85%
Cash On Cash
5.07%
Cap Rate
0.8
DSCR
$4,914
Rent
-$822
Cashflow
Cash Flow
$4,914 income − $5,736 expenses = $822 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,997
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,914
Total Expenses
$5,736
Mortgage P&I
64%
$3,158
Property Taxes
8%
$385
Home Insurance
5%
$236
HOA
6%
$285
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$147
Maintenance
4%
$197
Other
11%
$541