This property looks like a bad Mid-Term investment with a projected -9.35% first-year return on $139k initial cash invested.
-9.35%
Cash On Cash
4.75%
Cap Rate
0.71
DSCR
$4,221
Rent
-$1,087
Cashflow
Cash Flow
$4,221 income − $5,308 expenses = $1,087 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,784
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,221
Total Expenses
$5,308
Mortgage P&I
76%
$3,207
Property Taxes
11%
$459
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464