This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $138k initial cash invested.
-3.06%
Cash On Cash
5.84%
Cap Rate
0.95
DSCR
$4,920
Rent
-$351
Cashflow
Cash Flow
$4,920 income − $5,271 expenses = $351 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,693
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,920
Total Expenses
$5,271
Mortgage P&I
59%
$2,923
Property Taxes
10%
$472
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541