This property looks like a bad Mid-Term investment with a projected -6.09% first-year return on $138k initial cash invested.
-6.09%
Cash On Cash
5.19%
Cap Rate
0.83
DSCR
$4,522
Rent
-$700
Cashflow
Cash Flow
$4,522 income − $5,222 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,710
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,522
Total Expenses
$5,222
Mortgage P&I
66%
$2,987
Property Taxes
11%
$494
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497