This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $144k initial cash invested.
-5.44%
Cash On Cash
5.55%
Cap Rate
0.86
DSCR
$4,916
Rent
-$653
Cashflow
Cash Flow
$4,916 income − $5,569 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,916
Total Expenses
$5,569
Mortgage P&I
66%
$3,229
Property Taxes
7%
$337
Home Insurance
4%
$210
HOA
2%
$121
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$147
Maintenance
4%
$197
Other
11%
$541