This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $137k initial cash invested.
-6.18%
Cash On Cash
5.48%
Cap Rate
0.83
DSCR
$4,532
Rent
-$708
Cashflow
Cash Flow
$4,532 income − $5,240 expenses = $708 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,532
Total Expenses
$5,240
Mortgage P&I
69%
$3,126
Property Taxes
8%
$374
Home Insurance
4%
$199
HOA
0%
$0
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499