This property looks like a bad Mid-Term investment with a projected -5.32% first-year return on $137k initial cash invested.
-5.32%
Cash On Cash
5.2%
Cap Rate
0.85
DSCR
$4,452
Rent
-$605
Cashflow
Cash Flow
$4,452 income − $5,057 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,643
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,452
Total Expenses
$5,057
Mortgage P&I
64%
$2,871
Property Taxes
10%
$447
Home Insurance
4%
$200
HOA
1%
$25
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490