This property looks like a bad Mid-Term investment with a projected -4.06% first-year return on $138k initial cash invested.
-4.06%
Cash On Cash
6.05%
Cap Rate
0.92
DSCR
$5,188
Rent
-$468
Cashflow
Cash Flow
$5,188 income − $5,656 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,725
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,188
Total Expenses
$5,656
Mortgage P&I
61%
$3,146
Property Taxes
10%
$536
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571