This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $135k initial cash invested.
-5.01%
Cash On Cash
5.31%
Cap Rate
0.86
DSCR
$4,323
Rent
-$563
Cashflow
Cash Flow
$4,323 income − $4,886 expenses = $563 out of pocket
Investment Breakdown
|
Purchase Price
$556k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,559
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,323
Total Expenses
$4,886
Mortgage P&I
66%
$2,850
Property Taxes
7%
$288
Home Insurance
5%
$196
HOA
2%
$81
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476