This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $139k initial cash invested.
-9.42%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$4,182
Rent
-$1,093
Cashflow
Cash Flow
$4,182 income − $5,275 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,776
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,182
Total Expenses
$5,275
Mortgage P&I
74%
$3,093
Property Taxes
13%
$560
Home Insurance
5%
$201
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460