This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $137k initial cash invested.
-4.4%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$5,112
Rent
-$502
Cashflow
Cash Flow
$5,112 income − $5,614 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,665
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,112
Total Expenses
$5,614
Mortgage P&I
60%
$3,092
Property Taxes
12%
$594
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$613
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$562