This property looks like a bad Mid-Term investment with a projected -5.62% first-year return on $139k initial cash invested.
-5.62%
Cash On Cash
5.31%
Cap Rate
0.84
DSCR
$4,454
Rent
-$651
Cashflow
Cash Flow
$4,454 income − $5,105 expenses = $651 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,767
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,454
Total Expenses
$5,105
Mortgage P&I
68%
$3,023
Property Taxes
8%
$358
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490