This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $138k initial cash invested.
-2.77%
Cash On Cash
6.19%
Cap Rate
0.96
DSCR
$4,942
Rent
-$319
Cashflow
Cash Flow
$4,942 income − $5,261 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,734
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,942
Total Expenses
$5,261
Mortgage P&I
62%
$3,079
Property Taxes
5%
$265
Home Insurance
4%
$203
HOA
1%
$33
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544