This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $144k initial cash invested.
-5.04%
Cash On Cash
5.23%
Cap Rate
0.86
DSCR
$4,630
Rent
-$605
Cashflow
Cash Flow
$4,630 income − $5,235 expenses = $605 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%
$6,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,630
Total Expenses
$5,235
Mortgage P&I
66%
$3,034
Property Taxes
9%
$417
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509