This property looks like a bad Mid-Term investment with a projected -7.74% first-year return on $144k initial cash invested.
-7.74%
Cash On Cash
4.79%
Cap Rate
0.76
DSCR
$4,466
Rent
-$928
Cashflow
Cash Flow
$4,466 income − $5,394 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$600k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,995
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,466
Total Expenses
$5,394
Mortgage P&I
70%
$3,144
Property Taxes
12%
$521
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491