This property looks like a bad Mid-Term investment with a projected -8.02% first-year return on $137k initial cash invested.
-8.02%
Cash On Cash
4.83%
Cap Rate
0.75
DSCR
$4,308
Rent
-$914
Cashflow
Cash Flow
$4,308 income − $5,222 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,653
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,308
Total Expenses
$5,222
Mortgage P&I
70%
$3,015
Property Taxes
13%
$542
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474