This property looks like a bad Mid-Term investment with a projected -8.58% first-year return on $137k initial cash invested.
-8.58%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$3,939
Rent
-$983
Cashflow
Cash Flow
$3,939 income − $4,922 expenses = $983 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,922
Mortgage P&I
79%
$3,110
Property Taxes
7%
$273
Home Insurance
5%
$199
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433