This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $136k initial cash invested.
-0.15%
Cash On Cash
7.07%
Cap Rate
1.08
DSCR
$6,344
Rent
-$17
Cashflow
Cash Flow
$6,344 income − $6,361 expenses = $17 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,598
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,344
Total Expenses
$6,361
Mortgage P&I
48%
$3,061
Property Taxes
11%
$678
Home Insurance
3%
$205
HOA
4%
$260
Property Management
12%
$761
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698