This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $144k initial cash invested.
-7.53%
Cash On Cash
4.92%
Cap Rate
0.77
DSCR
$4,072
Rent
-$904
Cashflow
Cash Flow
$4,072 income − $4,976 expenses = $904 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
$4,072
Total Expenses
$4,976
Mortgage P&I
79%
$3,200
Property Taxes
4%
$152
Home Insurance
5%
$210
HOA
1%
$29
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448