This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $137k initial cash invested.
-9.13%
Cash On Cash
4.79%
Cap Rate
0.73
DSCR
$4,920
Rent
-$1,040
Cashflow
Cash Flow
$4,920 income − $5,960 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,920
Total Expenses
$5,960
Mortgage P&I
63%
$3,097
Property Taxes
20%
$992
Home Insurance
4%
$198
HOA
0%
$0
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541