This property looks like a bad Mid-Term investment with a projected -1.09% first-year return on $136k initial cash invested.
-1.09%
Cash On Cash
6.67%
Cap Rate
1.04
DSCR
$6,249
Rent
-$124
Cashflow
Cash Flow
$6,249 income − $6,373 expenses = $124 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,636
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,249
Total Expenses
$6,373
Mortgage P&I
48%
$3,009
Property Taxes
16%
$1,012
Home Insurance
3%
$203
HOA
0%
$25
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687