This property looks like a bad Mid-Term investment with a projected -4.87% first-year return on $137k initial cash invested.
-4.87%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$4,494
Rent
-$554
Cashflow
Cash Flow
$4,494 income − $5,048 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,648
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,494
Total Expenses
$5,048
Mortgage P&I
67%
$3,013
Property Taxes
7%
$304
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494