This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $139k initial cash invested.
-8.9%
Cash On Cash
4.62%
Cap Rate
0.72
DSCR
$4,018
Rent
-$1,032
Cashflow
Cash Flow
$4,018 income − $5,050 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,772
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,018
Total Expenses
$5,050
Mortgage P&I
77%
$3,094
Property Taxes
9%
$343
Home Insurance
5%
$205
HOA
1%
$41
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442