This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $139k initial cash invested.
-8.25%
Cash On Cash
4.61%
Cap Rate
0.73
DSCR
$3,656
Rent
-$959
Cashflow
Cash Flow
$3,656 income − $4,615 expenses = $959 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,785
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,656
Total Expenses
$4,615
Mortgage P&I
83%
$3,033
Property Taxes
4%
$134
Home Insurance
6%
$205
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402