This property looks like a bad Mid-Term investment with a projected -8.49% first-year return on $139k initial cash invested.
-8.49%
Cash On Cash
4.37%
Cap Rate
0.72
DSCR
$4,098
Rent
-$987
Cashflow
Cash Flow
$4,098 income − $5,085 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,785
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,098
Total Expenses
$5,085
Mortgage P&I
71%
$2,928
Property Taxes
13%
$545
Home Insurance
5%
$210
HOA
0%
$8
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451