This property looks like a bad Mid-Term investment with a projected -10.93% first-year return on $139k initial cash invested.
-10.93%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$4,042
Rent
-$1,269
Cashflow
Cash Flow
$4,042 income − $5,311 expenses = $1,269 out of pocket
Investment Breakdown
|
Purchase Price
$578k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$116k
Closing costs
1%
$5,777
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,042
Total Expenses
$5,311
Mortgage P&I
79%
$3,180
Property Taxes
14%
$550
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445