This property looks like a bad Mid-Term investment with a projected -9.27% first-year return on $138k initial cash invested.
-9.27%
Cash On Cash
4.78%
Cap Rate
0.72
DSCR
$4,416
Rent
-$1,065
Cashflow
Cash Flow
$4,416 income − $5,481 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,711
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,416
Total Expenses
$5,481
Mortgage P&I
72%
$3,163
Property Taxes
13%
$586
Home Insurance
5%
$210
HOA
0%
$20
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486