This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $137k initial cash invested.
-7.25%
Cash On Cash
4.78%
Cap Rate
0.78
DSCR
$4,668
Rent
-$826
Cashflow
Cash Flow
$4,668 income − $5,494 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,651
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,668
Total Expenses
$5,494
Mortgage P&I
62%
$2,888
Property Taxes
18%
$827
Home Insurance
4%
$192
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513