This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $138k initial cash invested.
-9.24%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$4,230
Rent
-$1,065
Cashflow
Cash Flow
$4,230 income − $5,295 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$573k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,731
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,230
Total Expenses
$5,295
Mortgage P&I
73%
$3,095
Property Taxes
13%
$556
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465