This property looks like a bad Mid-Term investment with a projected -1.84% first-year return on $137k initial cash invested.
-1.84%
Cash On Cash
6.5%
Cap Rate
1.01
DSCR
$5,648
Rent
-$210
Cashflow
Cash Flow
$5,648 income − $5,858 expenses = $210 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,673
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,648
Total Expenses
$5,858
Mortgage P&I
54%
$3,057
Property Taxes
12%
$676
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$621