This property looks like a bad Mid-Term investment with a projected -9.04% first-year return on $138k initial cash invested.
-9.04%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$4,380
Rent
-$1,037
Cashflow
Cash Flow
$4,380 income − $5,417 expenses = $1,037 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,699
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,380
Total Expenses
$5,417
Mortgage P&I
71%
$3,100
Property Taxes
14%
$628
Home Insurance
5%
$200
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482