This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $137k initial cash invested.
-7.6%
Cash On Cash
4.96%
Cap Rate
0.78
DSCR
$4,833
Rent
-$864
Cashflow
Cash Flow
$4,833 income − $5,697 expenses = $864 out of pocket
Investment Breakdown
|
Purchase Price
$564k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,833
Total Expenses
$5,697
Mortgage P&I
62%
$3,002
Property Taxes
17%
$837
Home Insurance
4%
$198
HOA
0%
$17
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532