This property looks like a bad Mid-Term investment with a projected -8% first-year return on $136k initial cash invested.
-8%
Cash On Cash
4.67%
Cap Rate
0.75
DSCR
$4,026
Rent
-$904
Cashflow
Cash Flow
$4,026 income − $4,930 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$560k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,026
Total Expenses
$4,930
Mortgage P&I
73%
$2,924
Property Taxes
11%
$441
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$483
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443