This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $132k initial cash invested.
-2.63%
Cash On Cash
5.91%
Cap Rate
0.96
DSCR
$4,596
Rent
-$290
Cashflow
Cash Flow
$4,596 income − $4,886 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$544k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,442
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,596
Total Expenses
$4,886
Mortgage P&I
61%
$2,784
Property Taxes
8%
$346
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506