This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $136k initial cash invested.
-2.59%
Cash On Cash
6.17%
Cap Rate
0.97
DSCR
$5,054
Rent
-$295
Cashflow
Cash Flow
$5,054 income − $5,349 expenses = $295 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$113k
Closing costs
1%
$5,642
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,054
Total Expenses
$5,349
Mortgage P&I
59%
$2,996
Property Taxes
8%
$428
Home Insurance
4%
$192
HOA
0%
$15
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556