This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $135k initial cash invested.
-4.6%
Cash On Cash
5.65%
Cap Rate
0.89
DSCR
$4,516
Rent
-$518
Cashflow
Cash Flow
$4,516 income − $5,034 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,582
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,516
Total Expenses
$5,034
Mortgage P&I
66%
$2,967
Property Taxes
6%
$287
Home Insurance
5%
$219
HOA
1%
$25
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497