This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $144k initial cash invested.
-5.56%
Cash On Cash
5.35%
Cap Rate
0.85
DSCR
$4,602
Rent
-$667
Cashflow
Cash Flow
$4,602 income − $5,269 expenses = $667 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%
$5,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,602
Total Expenses
$5,269
Mortgage P&I
69%
$3,157
Property Taxes
7%
$338
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506