This property looks like a bad Mid-Term investment with a projected -2.84% first-year return on $137k initial cash invested.
-2.84%
Cash On Cash
5.82%
Cap Rate
0.96
DSCR
$5,332
Rent
-$325
Cashflow
Cash Flow
$5,332 income − $5,657 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,674
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,332
Total Expenses
$5,657
Mortgage P&I
54%
$2,864
Property Taxes
14%
$761
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587