This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $137k initial cash invested.
-3.38%
Cash On Cash
5.62%
Cap Rate
0.93
DSCR
$4,635
Rent
-$385
Cashflow
Cash Flow
$4,635 income − $5,020 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,657
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,635
Total Expenses
$5,020
Mortgage P&I
61%
$2,848
Property Taxes
8%
$351
Home Insurance
4%
$200
HOA
1%
$46
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510