This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $138k initial cash invested.
-7.34%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$4,556
Rent
-$847
Cashflow
Cash Flow
$4,556 income − $5,403 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$574k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$115k
Closing costs
1%
$5,736
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,556
Total Expenses
$5,403
Mortgage P&I
68%
$3,088
Property Taxes
12%
$565
Home Insurance
4%
$201
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501