This property looks like a bad Mid-Term investment with a projected -6.82% first-year return on $139k initial cash invested.
-6.82%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$4,608
Rent
-$792
Cashflow
Cash Flow
$4,608 income − $5,400 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,780
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,608
Total Expenses
$5,400
Mortgage P&I
67%
$3,100
Property Taxes
11%
$524
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507