This property looks like a bad Mid-Term investment with a projected -8.86% first-year return on $138k initial cash invested.
-8.86%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$5,000
Rent
-$1,017
Cashflow
Cash Flow
$5,000 income − $6,017 expenses = $1,017 out of pocket
Investment Breakdown
|
Purchase Price
$570k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,702
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,000
Total Expenses
$6,017
Mortgage P&I
64%
$3,178
Property Taxes
19%
$953
Home Insurance
4%
$186
HOA
0%
$0
Property Management
12%
$600
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$550