This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $138k initial cash invested.
-2.37%
Cash On Cash
6.36%
Cap Rate
0.98
DSCR
$5,132
Rent
-$273
Cashflow
Cash Flow
$5,132 income − $5,405 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,714
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,132
Total Expenses
$5,405
Mortgage P&I
60%
$3,095
Property Taxes
7%
$362
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565