This property looks like a bad Mid-Term investment with a projected -2.6% first-year return on $136k initial cash invested.
-2.6%
Cash On Cash
5.91%
Cap Rate
0.96
DSCR
$4,548
Rent
-$294
Cashflow
Cash Flow
$4,548 income − $4,842 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,611
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,548
Total Expenses
$4,842
Mortgage P&I
63%
$2,877
Property Taxes
4%
$174
Home Insurance
4%
$203
HOA
1%
$42
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500