This property looks like a bad Mid-Term investment with a projected -5.36% first-year return on $135k initial cash invested.
-5.36%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$5,056
Rent
-$603
Cashflow
Cash Flow
$5,056 income − $5,659 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,568
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,056
Total Expenses
$5,659
Mortgage P&I
61%
$3,068
Property Taxes
11%
$568
Home Insurance
4%
$196
HOA
2%
$108
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556