This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $138k initial cash invested.
-5.65%
Cash On Cash
5.69%
Cap Rate
0.86
DSCR
$5,542
Rent
-$650
Cashflow
Cash Flow
$5,542 income − $6,192 expenses = $650 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,717
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,542
Total Expenses
$6,192
Mortgage P&I
57%
$3,141
Property Taxes
15%
$810
Home Insurance
4%
$201
HOA
3%
$155
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610