This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $135k initial cash invested.
-2.19%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$4,710
Rent
-$247
Cashflow
Cash Flow
$4,710 income − $4,957 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,592
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,710
Total Expenses
$4,957
Mortgage P&I
60%
$2,835
Property Taxes
7%
$323
Home Insurance
4%
$199
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518