This property looks like a bad Mid-Term investment with a projected -1.68% first-year return on $132k initial cash invested.
-1.68%
Cash On Cash
6.22%
Cap Rate
1.01
DSCR
$5,313
Rent
-$185
Cashflow
Cash Flow
$5,313 income − $5,498 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$543k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$132k
Downpayment
20%
$109k
Closing costs
1%
$5,429
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,313
Total Expenses
$5,498
Mortgage P&I
52%
$2,788
Property Taxes
13%
$714
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$584