This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $120k initial cash invested.
-0.92%
Cash On Cash
6.3%
Cap Rate
1.05
DSCR
$5,733
Rent
-$92
Cashflow
Cash Flow
$5,733 income − $5,825 expenses = $92 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$120k
Downpayment
20%
$114k
Closing costs
1%
$5,709
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$5,733
Total Expenses
$5,825
Mortgage P&I
50%
$2,862
Property Taxes
14%
$814
Home Insurance
3%
$200
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$631