This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $136k initial cash invested.
-3.19%
Cash On Cash
6.13%
Cap Rate
0.94
DSCR
$4,694
Rent
-$361
Cashflow
Cash Flow
$4,694 income − $5,055 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,601
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,694
Total Expenses
$5,055
Mortgage P&I
65%
$3,032
Property Taxes
5%
$229
Home Insurance
4%
$198
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516