This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $137k initial cash invested.
-4.78%
Cash On Cash
5.33%
Cap Rate
0.87
DSCR
$4,046
Rent
-$544
Cashflow
Cash Flow
$4,046 income − $4,590 expenses = $544 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$4,590
Mortgage P&I
71%
$2,891
Property Taxes
3%
$125
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445