This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $137k initial cash invested.
-3.96%
Cash On Cash
5.99%
Cap Rate
0.92
DSCR
$5,322
Rent
-$451
Cashflow
Cash Flow
$5,322 income − $5,773 expenses = $451 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,651
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,322
Total Expenses
$5,773
Mortgage P&I
57%
$3,060
Property Taxes
13%
$703
Home Insurance
4%
$200
HOA
0%
$0
Property Management
12%
$639
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585