This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $138k initial cash invested.
-1.19%
Cash On Cash
6.31%
Cap Rate
1.03
DSCR
$5,476
Rent
-$137
Cashflow
Cash Flow
$5,476 income − $5,613 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$572k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,719
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$5,613
Mortgage P&I
53%
$2,923
Property Taxes
12%
$637
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602