This property looks like a bad Mid-Term investment with a projected -6.96% first-year return on $138k initial cash invested.
-6.96%
Cash On Cash
4.73%
Cap Rate
0.78
DSCR
$3,992
Rent
-$803
Cashflow
Cash Flow
$3,992 income − $4,795 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,733
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,992
Total Expenses
$4,795
Mortgage P&I
73%
$2,901
Property Taxes
8%
$333
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$479
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$439