This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $136k initial cash invested.
-1.48%
Cash On Cash
6.52%
Cap Rate
1.02
DSCR
$5,985
Rent
-$167
Cashflow
Cash Flow
$5,985 income − $6,152 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,601
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,985
Total Expenses
$6,152
Mortgage P&I
50%
$2,971
Property Taxes
10%
$592
Home Insurance
4%
$238
HOA
5%
$317
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$180
Maintenance
4%
$239
Other
11%
$658