This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $136k initial cash invested.
-4.49%
Cash On Cash
5.76%
Cap Rate
0.89
DSCR
$4,536
Rent
-$507
Cashflow
Cash Flow
$4,536 income − $5,043 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,536
Total Expenses
$5,043
Mortgage P&I
66%
$3,012
Property Taxes
4%
$174
Home Insurance
4%
$196
HOA
3%
$120
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499