This property looks like a bad Mid-Term investment with a projected -1.55% first-year return on $135k initial cash invested.
-1.55%
Cash On Cash
6.6%
Cap Rate
1.02
DSCR
$5,638
Rent
-$175
Cashflow
Cash Flow
$5,638 income − $5,813 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,584
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,638
Total Expenses
$5,813
Mortgage P&I
54%
$3,020
Property Taxes
12%
$655
Home Insurance
4%
$201
HOA
0%
$19
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$620