This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $139k initial cash invested.
-1.2%
Cash On Cash
6.15%
Cap Rate
1.02
DSCR
$5,194
Rent
-$139
Cashflow
Cash Flow
$5,194 income − $5,333 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
6.4%
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
$5,194
Total Expenses
$5,333
Mortgage P&I
56%
$2,885
Property Taxes
9%
$476
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571