This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $118k initial cash invested.
-6.84%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$4,930
Rent
-$670
Cashflow
Cash Flow
$4,930 income − $5,600 expenses = $670 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,599
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$4,930
Total Expenses
$5,600
Mortgage P&I
63%
$3,085
Property Taxes
13%
$643
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542