This property looks like a bad Mid-Term investment with a projected -8.69% first-year return on $139k initial cash invested.
-8.69%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$3,882
Rent
-$1,009
Cashflow
Cash Flow
$3,882 income − $4,891 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,775
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,882
Total Expenses
$4,891
Mortgage P&I
82%
$3,195
Property Taxes
4%
$167
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427