This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $139k initial cash invested.
-5.33%
Cash On Cash
5.32%
Cap Rate
0.86
DSCR
$5,208
Rent
-$618
Cashflow
Cash Flow
$5,208 income − $5,826 expenses = $618 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,768
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,208
Total Expenses
$5,826
Mortgage P&I
57%
$2,965
Property Taxes
16%
$850
Home Insurance
5%
$241
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573