This property looks like a bad Mid-Term investment with a projected -2.86% first-year return on $137k initial cash invested.
-2.86%
Cash On Cash
6.13%
Cap Rate
0.97
DSCR
$6,116
Rent
-$327
Cashflow
Cash Flow
$6,116 income − $6,443 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,673
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,116
Total Expenses
$6,443
Mortgage P&I
49%
$2,981
Property Taxes
8%
$470
Home Insurance
3%
$205
HOA
12%
$707
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$183
Maintenance
4%
$245
Other
11%
$673