This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $138k initial cash invested.
-7.59%
Cash On Cash
4.82%
Cap Rate
0.76
DSCR
$3,836
Rent
-$872
Cashflow
Cash Flow
$3,836 income − $4,708 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,705
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,836
Total Expenses
$4,708
Mortgage P&I
78%
$3,010
Property Taxes
5%
$190
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$460
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$422