This property looks like a bad Mid-Term investment with a projected -5.22% first-year return on $139k initial cash invested.
-5.22%
Cash On Cash
5.21%
Cap Rate
0.86
DSCR
$4,620
Rent
-$605
Cashflow
Cash Flow
$4,620 income − $5,225 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,770
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,620
Total Expenses
$5,225
Mortgage P&I
63%
$2,927
Property Taxes
11%
$528
Home Insurance
4%
$199
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508