This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $138k initial cash invested.
-5.66%
Cash On Cash
5.41%
Cap Rate
0.84
DSCR
$4,341
Rent
-$649
Cashflow
Cash Flow
$4,341 income − $4,990 expenses = $649 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,698
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,341
Total Expenses
$4,990
Mortgage P&I
70%
$3,046
Property Taxes
6%
$261
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478