This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $135k initial cash invested.
-6.35%
Cash On Cash
5.52%
Cap Rate
0.83
DSCR
$5,084
Rent
-$716
Cashflow
Cash Flow
$5,084 income − $5,800 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,586
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,084
Total Expenses
$5,800
Mortgage P&I
61%
$3,081
Property Taxes
12%
$590
Home Insurance
4%
$201
HOA
4%
$200
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$153
Maintenance
4%
$203
Other
11%
$559