This property looks like a bad Mid-Term investment with a projected -0.71% first-year return on $139k initial cash invested.
-0.71%
Cash On Cash
6.62%
Cap Rate
1.05
DSCR
$5,654
Rent
-$82
Cashflow
Cash Flow
$5,654 income − $5,736 expenses = $82 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,761
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,654
Total Expenses
$5,736
Mortgage P&I
54%
$3,036
Property Taxes
10%
$570
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622