This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $137k initial cash invested.
-8.59%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$4,227
Rent
-$979
Cashflow
Cash Flow
$4,227 income − $5,206 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,654
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,227
Total Expenses
$5,206
Mortgage P&I
71%
$3,020
Property Taxes
13%
$551
Home Insurance
5%
$198
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465