This property looks like a bad Mid-Term investment with a projected -7.54% first-year return on $139k initial cash invested.
-7.54%
Cash On Cash
5.03%
Cap Rate
0.78
DSCR
$4,570
Rent
-$871
Cashflow
Cash Flow
$4,570 income − $5,441 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,741
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,570
Total Expenses
$5,441
Mortgage P&I
68%
$3,094
Property Taxes
13%
$585
Home Insurance
5%
$208
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503