This property looks like a bad Mid-Term investment with a projected -4.48% first-year return on $137k initial cash invested.
-4.48%
Cash On Cash
6.08%
Cap Rate
0.91
DSCR
$5,288
Rent
-$513
Cashflow
Cash Flow
$5,288 income − $5,801 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,685
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,288
Total Expenses
$5,801
Mortgage P&I
60%
$3,183
Property Taxes
12%
$618
Home Insurance
4%
$200
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582