This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $138k initial cash invested.
-9.2%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$4,522
Rent
-$1,061
Cashflow
Cash Flow
$4,522 income − $5,583 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,522
Total Expenses
$5,583
Mortgage P&I
69%
$3,139
Property Taxes
15%
$685
Home Insurance
4%
$192
HOA
1%
$29
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497