This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $136k initial cash invested.
-0.87%
Cash On Cash
6.4%
Cap Rate
1.05
DSCR
$6,054
Rent
-$99
Cashflow
Cash Flow
$6,054 income − $6,153 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,620
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,054
Total Expenses
$6,153
Mortgage P&I
47%
$2,856
Property Taxes
16%
$969
Home Insurance
3%
$203
HOA
1%
$67
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666