This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $135k initial cash invested.
-7.63%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$3,760
Rent
-$860
Cashflow
Cash Flow
$3,760 income − $4,620 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,582
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,760
Total Expenses
$4,620
Mortgage P&I
81%
$3,037
Property Taxes
1%
$20
Home Insurance
8%
$285
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414