This property looks like a bad Mid-Term investment with a projected -4.26% first-year return on $136k initial cash invested.
-4.26%
Cash On Cash
5.65%
Cap Rate
0.91
DSCR
$5,415
Rent
-$483
Cashflow
Cash Flow
$5,415 income − $5,898 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,615
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,415
Total Expenses
$5,898
Mortgage P&I
54%
$2,908
Property Taxes
16%
$867
Home Insurance
4%
$200
HOA
2%
$81
Property Management
12%
$650
CapEx
4%
$217
Vacancy
3%
$162
Maintenance
4%
$217
Other
11%
$596