This property looks like a bad Mid-Term investment with a projected -6.98% first-year return on $135k initial cash invested.
-6.98%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$3,878
Rent
-$788
Cashflow
Cash Flow
$3,878 income − $4,666 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$559k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$135k
Downpayment
20%
$112k
Closing costs
1%
$5,590
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,878
Total Expenses
$4,666
Mortgage P&I
79%
$3,057
Property Taxes
2%
$95
Home Insurance
5%
$196
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427