This property looks like a bad Mid-Term investment with a projected -5.59% first-year return on $137k initial cash invested.
-5.59%
Cash On Cash
5.52%
Cap Rate
0.85
DSCR
$4,764
Rent
-$637
Cashflow
Cash Flow
$4,764 income − $5,401 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$566k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,658
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,764
Total Expenses
$5,401
Mortgage P&I
64%
$3,049
Property Taxes
11%
$528
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524