This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $136k initial cash invested.
-5.1%
Cash On Cash
5.78%
Cap Rate
0.87
DSCR
$4,722
Rent
-$578
Cashflow
Cash Flow
$4,722 income − $5,300 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,614
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,722
Total Expenses
$5,300
Mortgage P&I
66%
$3,095
Property Taxes
9%
$403
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519