This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $136k initial cash invested.
-2.63%
Cash On Cash
5.91%
Cap Rate
0.97
DSCR
$5,612
Rent
-$298
Cashflow
Cash Flow
$5,612 income − $5,910 expenses = $298 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,607
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,612
Total Expenses
$5,910
Mortgage P&I
51%
$2,835
Property Taxes
10%
$582
Home Insurance
3%
$192
HOA
7%
$395
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617