This property looks like a bad Mid-Term investment with a projected -9% first-year return on $138k initial cash invested.
-9%
Cash On Cash
4.4%
Cap Rate
0.7
DSCR
$3,536
Rent
-$1,038
Cashflow
Cash Flow
$3,536 income − $4,574 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,536
Total Expenses
$4,574
Mortgage P&I
85%
$3,001
Property Taxes
5%
$162
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$389