This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $137k initial cash invested.
-8.86%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$4,030
Rent
-$1,008
Cashflow
Cash Flow
$4,030 income − $5,038 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,643
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,030
Total Expenses
$5,038
Mortgage P&I
78%
$3,124
Property Taxes
8%
$329
Home Insurance
5%
$215
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$443