This property looks like a bad Mid-Term investment with a projected -3.36% first-year return on $137k initial cash invested.
-3.36%
Cash On Cash
6.32%
Cap Rate
0.95
DSCR
$5,658
Rent
-$384
Cashflow
Cash Flow
$5,658 income − $6,042 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,670
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,658
Total Expenses
$6,042
Mortgage P&I
56%
$3,145
Property Taxes
14%
$778
Home Insurance
3%
$196
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622