This property looks like a bad Mid-Term investment with a projected -7.15% first-year return on $137k initial cash invested.
-7.15%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$5,156
Rent
-$818
Cashflow
Cash Flow
$5,156 income − $5,974 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$568k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,683
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,156
Total Expenses
$5,974
Mortgage P&I
59%
$3,059
Property Taxes
12%
$640
Home Insurance
4%
$200
HOA
6%
$322
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567