This property looks like a bad Mid-Term investment with a projected -0.61% first-year return on $139k initial cash invested.
-0.61%
Cash On Cash
6.6%
Cap Rate
1.05
DSCR
$5,600
Rent
-$71
Cashflow
Cash Flow
$5,600 income − $5,671 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,780
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,600
Total Expenses
$5,671
Mortgage P&I
54%
$3,025
Property Taxes
10%
$540
Home Insurance
4%
$202
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616