This property looks like a bad Mid-Term investment with a projected -7.15% first-year return on $137k initial cash invested.
-7.15%
Cash On Cash
5.27%
Cap Rate
0.8
DSCR
$4,654
Rent
-$816
Cashflow
Cash Flow
$4,654 income − $5,470 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$567k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,666
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,654
Total Expenses
$5,470
Mortgage P&I
67%
$3,119
Property Taxes
12%
$566
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512