This property looks like a bad Mid-Term investment with a projected -10.81% first-year return on $137k initial cash invested.
-10.81%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$4,782
Rent
-$1,239
Cashflow
Cash Flow
$4,782 income − $6,021 expenses = $1,239 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,782
Total Expenses
$6,021
Mortgage P&I
64%
$3,074
Property Taxes
14%
$662
Home Insurance
5%
$238
HOA
9%
$422
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526