This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $136k initial cash invested.
-4.12%
Cash On Cash
6.19%
Cap Rate
0.92
DSCR
$5,121
Rent
-$468
Cashflow
Cash Flow
$5,121 income − $5,589 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$563k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,629
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,121
Total Expenses
$5,589
Mortgage P&I
62%
$3,165
Property Taxes
9%
$482
Home Insurance
4%
$200
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563