This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $136k initial cash invested.
-4.48%
Cash On Cash
5.57%
Cap Rate
0.9
DSCR
$5,170
Rent
-$508
Cashflow
Cash Flow
$5,170 income − $5,678 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,622
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,170
Total Expenses
$5,678
Mortgage P&I
56%
$2,912
Property Taxes
16%
$808
Home Insurance
4%
$200
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569