This property looks like a bad Mid-Term investment with a projected -2.06% first-year return on $139k initial cash invested.
-2.06%
Cash On Cash
6.32%
Cap Rate
1
DSCR
$5,896
Rent
-$239
Cashflow
Cash Flow
$5,896 income − $6,135 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,768
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,896
Total Expenses
$6,135
Mortgage P&I
52%
$3,043
Property Taxes
15%
$867
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649