This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $118k initial cash invested.
-1.8%
Cash On Cash
6.29%
Cap Rate
1.01
DSCR
$5,220
Rent
-$176
Cashflow
Cash Flow
$5,220 income − $5,396 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,596
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$5,220
Total Expenses
$5,396
Mortgage P&I
56%
$2,901
Property Taxes
10%
$524
Home Insurance
4%
$196
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574