This property looks like a bad Mid-Term investment with a projected -9.47% first-year return on $138k initial cash invested.
-9.47%
Cash On Cash
4.63%
Cap Rate
0.7
DSCR
$3,814
Rent
-$1,088
Cashflow
Cash Flow
$3,814 income − $4,902 expenses = $1,088 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,705
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,814
Total Expenses
$4,902
Mortgage P&I
82%
$3,135
Property Taxes
7%
$266
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$458
CapEx
4%
$153
Vacancy
3%
$114
Maintenance
4%
$153
Other
11%
$420