This property looks like a bad Mid-Term investment with a projected -7.44% first-year return on $136k initial cash invested.
-7.44%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$4,424
Rent
-$842
Cashflow
Cash Flow
$4,424 income − $5,266 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$561k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,424
Total Expenses
$5,266
Mortgage P&I
68%
$3,018
Property Taxes
12%
$542
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487