This property looks like a bad Mid-Term investment with a projected -1.42% first-year return on $136k initial cash invested.
-1.42%
Cash On Cash
6.53%
Cap Rate
1.02
DSCR
$5,312
Rent
-$161
Cashflow
Cash Flow
$5,312 income − $5,473 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,603
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,312
Total Expenses
$5,473
Mortgage P&I
56%
$2,997
Property Taxes
8%
$448
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584