This property looks like a bad Mid-Term investment with a projected -6.63% first-year return on $135k initial cash invested.
-6.63%
Cash On Cash
4.88%
Cap Rate
0.8
DSCR
$4,770
Rent
-$748
Cashflow
Cash Flow
$4,770 income − $5,518 expenses = $748 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,587
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,770
Total Expenses
$5,518
Mortgage P&I
59%
$2,830
Property Taxes
17%
$814
Home Insurance
4%
$202
HOA
1%
$50
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525