This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $137k initial cash invested.
-1.8%
Cash On Cash
6.1%
Cap Rate
1
DSCR
$5,031
Rent
-$205
Cashflow
Cash Flow
$5,031 income − $5,236 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,649
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,031
Total Expenses
$5,236
Mortgage P&I
57%
$2,875
Property Taxes
9%
$453
Home Insurance
4%
$198
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553