This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $139k initial cash invested.
-8.42%
Cash On Cash
4.68%
Cap Rate
0.74
DSCR
$4,353
Rent
-$972
Cashflow
Cash Flow
$4,353 income − $5,325 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,353
Total Expenses
$5,325
Mortgage P&I
70%
$3,036
Property Taxes
14%
$606
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479