This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $139k initial cash invested.
-8.1%
Cash On Cash
4.88%
Cap Rate
0.76
DSCR
$4,446
Rent
-$938
Cashflow
Cash Flow
$4,446 income − $5,384 expenses = $938 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,762
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,446
Total Expenses
$5,384
Mortgage P&I
70%
$3,105
Property Taxes
13%
$564
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489