This property looks like a bad Mid-Term investment with a projected -1.78% first-year return on $144k initial cash invested.
-1.78%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$5,806
Rent
-$214
Cashflow
Cash Flow
$5,806 income − $6,020 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$601k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$6,007
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,806
Total Expenses
$6,020
Mortgage P&I
56%
$3,264
Property Taxes
10%
$566
Home Insurance
4%
$216
HOA
0%
$0
Property Management
12%
$697
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$639