This property looks like a bad Mid-Term investment with a projected -8.72% first-year return on $137k initial cash invested.
-8.72%
Cash On Cash
4.77%
Cap Rate
0.73
DSCR
$4,114
Rent
-$993
Cashflow
Cash Flow
$4,114 income − $5,107 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,647
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,114
Total Expenses
$5,107
Mortgage P&I
75%
$3,075
Property Taxes
10%
$395
Home Insurance
5%
$199
HOA
1%
$38
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$453