This property looks like a bad Mid-Term investment with a projected -7.77% first-year return on $135k initial cash invested.
-7.77%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$4,746
Rent
-$876
Cashflow
Cash Flow
$4,746 income − $5,622 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$558k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,584
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,746
Total Expenses
$5,622
Mortgage P&I
62%
$2,963
Property Taxes
18%
$835
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$570
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522