This property looks like a bad Mid-Term investment with a projected -8.75% first-year return on $139k initial cash invested.
-8.75%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$4,250
Rent
-$1,015
Cashflow
Cash Flow
$4,250 income − $5,265 expenses = $1,015 out of pocket
Investment Breakdown
|
Purchase Price
$577k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,773
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,250
Total Expenses
$5,265
Mortgage P&I
73%
$3,118
Property Taxes
12%
$512
Home Insurance
4%
$189
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468