This property looks like a bad Mid-Term investment with a projected -4.7% first-year return on $135k initial cash invested.
-4.7%
Cash On Cash
6.01%
Cap Rate
0.9
DSCR
$5,316
Rent
-$528
Cashflow
Cash Flow
$5,316 income − $5,844 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$557k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$111k
Closing costs
1%
$5,566
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,316
Total Expenses
$5,844
Mortgage P&I
58%
$3,101
Property Taxes
14%
$743
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585