This property looks like a bad Mid-Term investment with a projected -7.11% first-year return on $137k initial cash invested.
-7.11%
Cash On Cash
5.07%
Cap Rate
0.8
DSCR
$4,988
Rent
-$810
Cashflow
Cash Flow
$4,988 income − $5,798 expenses = $810 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,656
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,988
Total Expenses
$5,798
Mortgage P&I
60%
$3,002
Property Taxes
11%
$556
Home Insurance
4%
$206
HOA
7%
$336
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549