This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $136k initial cash invested.
-8.15%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$4,952
Rent
-$923
Cashflow
Cash Flow
$4,952 income − $5,875 expenses = $923 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,952
Total Expenses
$5,875
Mortgage P&I
60%
$2,994
Property Taxes
17%
$837
Home Insurance
4%
$201
HOA
3%
$159
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545