This property looks like a bad Mid-Term investment with a projected -8.96% first-year return on $138k initial cash invested.
-8.96%
Cash On Cash
4.64%
Cap Rate
0.72
DSCR
$4,119
Rent
-$1,029
Cashflow
Cash Flow
$4,119 income − $5,148 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,704
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,119
Total Expenses
$5,148
Mortgage P&I
75%
$3,071
Property Taxes
12%
$475
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453