This property looks like a bad Mid-Term investment with a projected -4% first-year return on $138k initial cash invested.
-4%
Cash On Cash
5.52%
Cap Rate
0.91
DSCR
$5,043
Rent
-$461
Cashflow
Cash Flow
$5,043 income − $5,504 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,727
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,043
Total Expenses
$5,504
Mortgage P&I
57%
$2,893
Property Taxes
14%
$695
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555