This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $139k initial cash invested.
-1.98%
Cash On Cash
6.6%
Cap Rate
1
DSCR
$5,727
Rent
-$229
Cashflow
Cash Flow
$5,727 income − $5,956 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,744
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,727
Total Expenses
$5,956
Mortgage P&I
55%
$3,160
Property Taxes
11%
$641
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630