This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $139k initial cash invested.
-6.73%
Cash On Cash
5.19%
Cap Rate
0.81
DSCR
$4,660
Rent
-$779
Cashflow
Cash Flow
$4,660 income − $5,439 expenses = $779 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,757
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,660
Total Expenses
$5,439
Mortgage P&I
66%
$3,083
Property Taxes
12%
$569
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$513