This property looks like a bad Mid-Term investment with a projected -9.28% first-year return on $139k initial cash invested.
-9.28%
Cash On Cash
4.18%
Cap Rate
0.69
DSCR
$4,104
Rent
-$1,074
Cashflow
Cash Flow
$4,104 income − $5,178 expenses = $1,074 out of pocket
Investment Breakdown
|
Purchase Price
$576k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,758
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,104
Total Expenses
$5,178
Mortgage P&I
71%
$2,914
Property Taxes
16%
$664
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451