This property looks like a bad Mid-Term investment with a projected -6.77% first-year return on $138k initial cash invested.
-6.77%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$3,978
Rent
-$781
Cashflow
Cash Flow
$3,978 income − $4,759 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,735
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,978
Total Expenses
$4,759
Mortgage P&I
77%
$3,052
Property Taxes
4%
$154
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438